Wheeler's Reflections After 25 Years Of Inflation Targeting By The RBNZ, Talks Down The Kiwi

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It has been a very interesting start to the week, with NZDUSD dropping immediately at the open. It was later followed by similar sell-offs (a rally in the case of USDJPY) in the majors. There was also a sell-off in gold after the Swiss rejected a proposal requiring the SNB



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