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  • Forex Strategy Video: Speculation – Why the New Zealand Dollar Drop on an RBNZ Hawkish Turn

Forex Strategy Video: Speculation – Why the New Zealand Dollar Drop on an RBNZ Hawkish Turn

By on November 16, 2020 0 7 Views
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Talking Points:

• The RBNZ held its benchmark lending rate unchanged, but the Governor’s statement took a decisive change in tack
• Governor Wheeler said the central bank had dropped its dovish bias and expected a hike within two years
• Speculation had set expectations of a hike far earlier, altering the reaction to a sharp Kiwi drop

Read the full article here:

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@JohnKicklighter

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