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Daily Alert: A difficult balancing act for the RBNZ

  • At 2pm today the RBNZ Monetary Policy Statement is expected to maintain current expansionary policy settings and a dovish tone.
  • Reassuring noises from central bankers overseas and signs Chinese authorities were taking action to curb commodity prices helped push global yields lower.
  • USD weakness has continued, with the NZD the strongest performers of the G10 currency league, leading up to today’s RBNZ policy decision.

 

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