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RBNZ Rate Hike To Place NZD in the Driver’s Seat Versus USD

From capitaltrustmarkets.com

The New Zealand dollar investors are waiting patiently for the upcoming RBNZ interest rate decision. The central bank is expected to increase interest rates by 25 basis points to 3.0% at Thursday’s meeting.   NZDUSD managed to break an important triangle resistance at 0.8580 to trade as high as 0.8620. A Wall Street Journal poll of 14 economists points to more than 90% chance of a rate hike from 2.75% to 3.0%. The New Zealand dollar buying interest might increase if the central bank delivers according to the expectations. RBNZ Rate Decision and Statement On Thursday, the RBNZ will announce the interest ... (full story)

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