NZD/USD Rallies in Response to Neutral RBNZ Decision, But Downside Risks Remain (Daily FX)

Wed, Jun 10, 2009

Market News

The Reserve Bank of New Zealand left their Official Cash Rate target unchanged for the first time since June 2008 at 2.50 percent, as expected, citing evidence that “international economic activity is stabilizing and international financial conditions are improving.”

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