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New Zealand Dollar has taken a hit in Asian session after RBNZ delivered a widely expected 50bps rate cut. With excess capacity in the economy, further policy easing is expected, and some economists foresee an additional 50bps rate cut in November. The central bank would continue loosening in the first half of next year, though […]

The post Kiwi Falls After RBNZ’s 50bps Rate Cut, Risk-Off Sentiment Weighs on AUD appeared first on Action Forex.

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