The New Zealand dollar certainly moved on RBNZ action despite the lack of a cut. Employment figures now take center stage . Here is an analysis of fundamentals and an updated technical analysis for NZD/USD.
The RBNZ left rates unchanged but certainly hinted about a cut in December, putting a lot of emphasis on the exchange rate. New Zealand’s trade balance was unfavorable and so were building consents. However, the ANZ Business Confidence returned to positive ground. In the US, the Fed let us know that a December hike is on the cards while GDP was mixed. What’s next?
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