Aussie Follows Kiwi in Decline

Mar 27,2019 12:34   Source:Earnforex
The Australian dollar followed its New Zealand counterpart in decline today. Market analysts speculated that the reason for that was the monetary policy statement of New Zealand’s central bank. The Reserve Bank of New Zealand shocked markets today, suggesting that the next move in interest rates will likely be a cut. Analysts argued that it increased pressure on the Reserve Bank of Australia to follow suit. Speculators were already pricing […]

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