They’re up through 1.5510 and we’ve been up to 1.5508 this morning. Some bids sitting down at 1.5445/55 with more toewards the Asian lows of 1.5433 and possible sell stops down through 1.5430.
we’re up around 1.5497 now
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The RBNZ is expected to hold its OCR at 2.25% at today's Monetary Policy Statement but deliver a hawkish forecast update, with the terminal rate seen rising to around 3.2% as Iran war energy costs threaten to push inflation above 4%.
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9m ago
Oil falls in early Asian trade on hopes for a US-Iran deal to reopen the Strait of Hormuz, though options data shows unusually low investor conviction and a 37% implied chance of oil above $100 in three months.
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