Thursday, December 11, 2014

EUR Consolidates Before TLTRO2, AUD Skeptical Post-Jobs

As expected, the RBNZ maintained its official cash rate unchanged at 3.50% and postponed the timing of next rate hike from the first to the second half of 2015. More hawkish-than-expected rhetoric pushed NZD/USD shortly to 0.7871. Yet Governor Wheeler reiterated that the Kiwi remains unsustainable high and should significantly



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