RBNZ Turns Dovish, New Zealand Dollar Tanks

Mar 27,2019 13:10   Source:Earnforex
The Reserve Bank of New Zealand rocked markets today, demonstrating a clearly dovish bias. Unsurprisingly, the New Zealand dollar did not take it well, posting a huge decline against all other most-traded currencies. The RBNZ left its main interest rate at 1.75%, as was widely expected. What was not expected by many market participants was a clearly dovish stance of the central bank. Just recently, the RBNZ turned […]

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