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13 Mar 2014
Flash: NZD/USD at highest level since April last year - Danske Bank
FXStreet (Barcelona) - Arne Lohmann Rasmussen, Chief Analyst at Danske Bank notes that overnight New Zealand became the first OECD country to hike rates this year.
Key Quotes
“RBNZ hiked rates by 25bp to 2.75%. Central bank governor Wheeler cited higher-than-expected growth and increasing inflation pressure.”
“Even though the rate hike was expected, upbeat rhetoric has pushed NZD/USD to the highest level since April last year. Very strong Australian employment data has also supported AUD.”
Key Quotes
“RBNZ hiked rates by 25bp to 2.75%. Central bank governor Wheeler cited higher-than-expected growth and increasing inflation pressure.”
“Even though the rate hike was expected, upbeat rhetoric has pushed NZD/USD to the highest level since April last year. Very strong Australian employment data has also supported AUD.”