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NZD/USD Rate Rally Emerges Ahead of RBNZ Interest Rate Decision
NZD/USD continues to carve a series of higher highs and lows as it extends the rebound off of the 50-Day SMA (0.7178), and the exchange rate may trade to fresh 2021 highs over the remainder of the month as the RBNZ appears to be on track to retain the current course for monetary policy. It seems as though the RBNZ will rely on its balance sheet to support the New Zealand economy after unveiling a Funding for Lending Programme (FLP) at its last meeting for 2020, and Governor Adrian Orr and Co. may endorse a wait-and-see approach for the foreseeable future as “the Committee agreed that it remained appropriate for ... (full story)