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11 May 2015
Kiwi under pressure as ANZ calls for RBNZ rate cuts
FXStreet (Bali) - The Kiwi is the weakest currency at the open of Asia, presently at 0.7412 day low from a Friday NY close of 0.7480.
There is some market chatter about a rate cut note put out by ANZ as the main catalyst behind the decline in the Kiwi.
From ANZ: "We expect the RBNZ to cut by 25bps in June and follow up with another cut in July. Monetary policy is more than merely monitoring demand and wage and price setting outcomes."
There is some market chatter about a rate cut note put out by ANZ as the main catalyst behind the decline in the Kiwi.
From ANZ: "We expect the RBNZ to cut by 25bps in June and follow up with another cut in July. Monetary policy is more than merely monitoring demand and wage and price setting outcomes."