Sunday, July 27, 2014

One To Watch: EURNZD Hits Resistance

As the Reserve Bank of New Zealand (RBNZ) becomes less hawkish and more concerned about the stubbornly high NZ dollar, the greater the chance the bank will intervene to weaken the exchange rate. With this ever present threat the kiwi's upside may be limited in the near-term. The RBNZ releases



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