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Kiwi Back To Unchanged Levels, Digests RBNZ MonPol Decision

NZD

NZD/USD dipped to a fresh intraday low of $0.7315 (a former breakout level & Jan 6 high) as the RBNZ left the OCR, LSAP & FLP settings unchanged and expressed readiness to act if needed, as "prolonged stimulus is necessary." The pair has more than retraced its initial swing and last sits +16 pips at $0.7356, with familiar technical levels in play.

  • Click here for the Monetary Policy Review announcement and here for the full Monetary Policy Statement.
  • As a reminder, Governor Orr will hold a presser at the top of the hour.

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