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Forex Flash: NZD downside favored this week – BNZ

In New Zealand, “the market and everyone else expects the RBNZ to leave the OCR at 2.5% on Wednesday. As for the NZD reaction, this will depend on how the accompanying statement balances signs of building economic momentum and house price heat against a currency that continues to exceed RBNZ expectations.” notes the BNZ Research Team.
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