The Kiwi Plunges as the RBNZ Deliver a Dovish Cut

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Today's 25b bp cut was expected, but the RBNZ have revised their forecasts and lowered their expected terminal rate. I take a look at the important points from the statement, how markets reacted, and why futures market positioning could point to further downside for the New Zealand Dollar.

Matt Simpson, Market Analyst at Forex.com and City Index

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