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Possible hint of RBNZ intervention in the sharp fall of our currency late last week
I was only correct with one statement in last week’s commentary, and that was the headline “The NZ Dollar is in for a volatile time”. For the rest, the scenario setting ambitions for the US Presidential Election outcome and likely financial market reaction, it was complete hocus pocus. However, I do not feel too bad as all polls, predictions and forecasts from all quarters were proven to be well wrong, as both the political result and market responses were generally the opposite of what was anticipated beforehand. •The US dollar initially weakened to $1.1300 against the Euro as the state by state results ... (full story)
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