NZD/USD rises to 12-day high ahead of RBNZ decision

Kiwi rises after earlier decline

There's already an outside day on the NZD/USD chart and it's flirting with the Sept 13 high. It's been pulled around by the BOJ and Fed but now it's the RBNZ's turn.

The OIS market is pricing around a 10% chance of a surprise rate cut and a 50% chance of a move in November.

The chart, however, is attempting to press higher.

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