The Reserve Bank of New Zealand did not cut its key rate yesterday night. However, its statement clearly suggests that the recent NZD appreciation is undesirable and might result in a rate cut after all if it is sustainable.
With the RBNZ remaining dovish, the upward potential of NZD-USD is probably limited, said Commerzbank in a research note on Thursday.


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FxWirePro: Daily Commodity Tracker - 21st March, 2022 



