As thoroughly expected, the RBNZ raised the Kiwi cash rate to 3%, taking NZD/USD to a high of 0.8623 (hourly chart enclosed). There was a fairly brief...

Chris Weston

Pepperstone

As thoroughly expected, the RBNZ raised the Kiwi cash rate to 3%, taking NZD/USD to a high of 0.8623 (hourly chart enclosed). There was a fairly brief statement attached, in which the RBNZ raised its growth forecast through to March 2015 to 3.5% (from 3.3%). However, on the whole there was enough information for both the NZD bulls and bears. (VIEW LINK)


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Chris Weston
Head of Research
Pepperstone

Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...

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