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New Zealand Dollar plunged today after RBNZ unexpectedly cut interest rates by 25bps, marking the first reduction in this easing cycle. This move came much earlier than the market’s anticipation of a rate cut in October or November. The selloff gained further momentum after RBNZ Governor Adrian Orr disclosed that a 50bps cut had been […]

The post NZD Tanks After RBNZ Cut, UK and US CPI for Next Volatility Wave appeared first on Action Forex.

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