The New Zealand dollar was marked down on the announcement of a rate cut from the RBNZ:
- RBNZ announce rate cut
- More on the RBNZ cutting its cash rate
- Minutes of the RBNZ meeting enumerated the risks facing NZ economy hence the cut
Just prior to the rate cut announcement we got a bit of a wobble in OIS pricing, lower … but not enough to dissuade of a rate cut call:
Anyway - the kiwi$
Yesterday we got an on hold decision from the RBA and the AUD jumped. it then spent the overnight sessions retracing. Wonder how the NZD will fare on the flipside?
