RBNZ's Orr: Rates will have to be low for a 'very long period'

Further comments by RBNZ governor, Adrian Orr

A token remark really, but it reaffirms the state of monetary policy across the globe.

NZD/USD is gaining some further ground now to start the session, as the dollar weakens across the board once again amid another dose of vaccine optimism today.

NZD/USD D1 02-12

The pair has now breached its June 2018 high and has a relatively clear path towards 0.7400, considering the technical implications above.

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