The possibility of an RBNZ interest rate cut has been priced in for months already, so will we see rallies from profit-taking after the actual announcement?
Our Event Guide for the RBNZ Decision suggests that the Kiwi could have a “buy the rumor, sell the news” reaction in case policymakers downplay the possibility of further easing moves.
Here’s what I’m watching on NZD/USD and EUR/NZD in this scenario.
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