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What’s next for the NZD: Van-Petersen
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Kay Van-Petersen, Asia macro strategist at Saxo Bank, digests market moves following the RBNZ’s decision to cut interest rates by 25 basis points to 2%.
The kiwi rose by 200 pips after the announcement and he says possible price action could be higher NZDUSD.
Central banks may continue to cut rates and expect their currencies to fall, he added, but sometimes an unexpected reaction occurs instead.