Jan 30, 2015
NZD/USD: Heavily offered courtesy of RBNZ
The New Zealand Dollar was battered during Thursday's session after a more dovish-than-expected RBNZ, finally realizing that the tightening of policy - they run a 3.5% interest rate - may have gone too far, too quick, given the global deflationary pressures, an event impossible to anticipate but potentially requiring an adjustment by lowering rates at some point this year nevertheless.
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