Feb 22, 2013
Forex: NZD/USD recovery subject to RBNZ, Fed
The recent fall in the New Zealand Dollar vs the Greenback has had two main drivers behind. Firstly, the perception that the RBNZ may be shifting its focus toward a more interventionist role to avoid the appreciation of the currency. Secondly, the FOMC minutes induced-rally, which saw the US Dollar gain across the board on Wednesday.
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