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New Zealand Dollar a Sell into RBNZ Meeting says Major FX Trader
The RBNZ meets on Wednesday and one foreign exchange trader says the market is too complacent of a surprise that will send the New Zealand Dollar lower. The Reserve Bank of New Zealand (RBNZ) meeting comes in the wake of the New Zealand Dollar hitting fresh multi-month and multi-year highs against some of its major partners, namely the Dollar and Euro. This currency strength will unlikely be welcomed by Governor Adrian Orr and his team who will view it as posing a strong headwind at a difficult time for the economy. Granted, New Zealand has handled the pandemic well but it has only just started vaccinating its ... (full story)