NZD/USD: Belated reaction to the RBNZ?
August 12, 2016 at 06:24 AM EDT
Positive surprise, positive reaction? Only for less than a minute. NZD/USD made a swing up to 0.7228 from 0.7205, hardly a proportionate reaction. And this didn’t last either. The pair fell down and basically returned to hugging the 0.72 level.
