Analysts at TD Securities explained that it is all eyes on the RBNZ Thursday.
Key Quotes:
“With a strong view needed to capture the market’s attention ahead of the ECB decision that evening.
We don’t expect a cut next week or all year, despite the slide in inflationary expectations.
The RBNZ has a lot more work to do to convince the population and markets that inflation is closer to 1.6% than zero.”
(Market News Provided by FXstreet)
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