Focus
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NZD traders heads up - Official Q2 Inflation data due first thing new week
If you are trading the NZD you'll have seen the sell off from Thursday that coincided with the announcement of the RBNZ that they would produce a (previously) unscheduled review of economic forecasts •To be published July 21 •The statement will not include any change to the official cash rate (the next monetary policy announcement is due on August 11) •The statement will include (well, its likely to but I reckon it will) guidance on the near term direction of monetary policy The NZD move continued lower right through until the end of the trading week. In effect, by announcing that there is a statement coming up ... (full story)