Fundamental OverviewYesterday, the US PPI report missed expectations by a big margin triggering a selloff in the US Dollar as the market started to position into a potentially soft US CPI release today. That led to a key breakout in the NZDUSD pair which didn’t last as the RBNZ tonight cut rates by 25 bps. While analysts and economist were expecting the OCR to remain unchanged, the market was pricing more than a 70% probability of a rate cut nonetheless.What weighed on the Kiwi were more dovish than expected central bank’s forecasts for future interest rates settings. For the Fed, the market is split between a 25 and 50 bps cut in September and a total of 107 bps of easing by year-end. On th
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