The NZD is highly exposed to sentiment regarding the China-U.S. trade war.
The pound to New Zealand Dollar exchange rate (GBP/NZD) retains a bullish setup and should test the 2025 highs again.
The New Zealand Dollar recovered from its post-RBNZ floor, but one institutional analyst we follow says weakness over the coming months remains likely.
This massive reduction in New Zealand interest rates was not expected and the central bank is "open to further reductions".
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