NZD/USD: RBNZ’s dovish cut reinforces a downward bias for NZD – OCBC

New Zealand Dollar (NZD) bounced off its post-RBNZ lows, owing to a softer US Dollar (USD), but magnitude of strengthening was relatively weak. Pair last seen at 0.5855 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note.

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