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NZD/USD Rate Outlook Hinges on RBNZ Interest Rate Decision
The Reserve Bank of New Zealand (RBNZ) interest rate decision may sway NZD/USD as the central bank is set to deliver its quarterly Monetary Policy Statement (MPS). NZD/USD Rate Outlook Hinges on RBNZ Interest Rate Decision NZD/USD trades near the monthly high (0.6035) to retain the advance following the better-than-expected New Zealand Employment report, which showed a 0.4% rise in the second quarter of 2024 versus forecasts for a 0.2% decline. It remains to be seen if the RBNZ will respond to the rise in employment as the central bank is expected to keep the official cash rate (OCR) at 5.50%, but the fresh forecasts ... (full story)
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- Posted: Aug 12, 2024 7:17pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 3,816
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