New Zealand dollar has surged higher after the Reserve Bank of New Zealand 50bp rate cut ...Middle East

Decision and summary of statement and minutes is here:Reserve Bank of New Zealand cuts cash rate by 50bp, as expectedNZD/USD has jumped:That's a big surge for the kiwi$ on a decision that was widely expected. I don't see the statement and minutes as hawkish but maybe some out there do. This article was written by Eamonn Sheridan at www.forexlive.com.

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