NZ dollar stalled ahead of expected rate-cut decision

Wed, 13 Nov 2019

The New Zealand dollar stalled overnight with no material drivers in international markets ahead of the Reserve Bank's local rate decision later today. The kiwi was trading at 63.37 US cents at 7:50am, barely changed from 63.33 cents last night, having fallen yesterday when weak inflation expectations increased the odds of a cut in the official cash rate. The trade-weighted index was at 69.96 from 69.95. The weakened inflation outlook in the Reserve Bank’s latest expectations survey saw the market price in a 75 percent chance of a 25 basi...

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