Wednesday, January 29, 2014

AUDNZD May Have Carved Out A Near-Term Bottom After RBNZ Kept Rates At 2.50%

Earlier today the RBNZ decided to keep rates at 2.50% and while this was the consensus view, many market participants (~40%) were anticipating a 25bp rate hike to 2.75%. Furthermore, in the statement issued by RBNZ Governor Wheeler he said 'the Bank does not believe the current level of the



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