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Big day ahead for the New Zealand dollar

By Smart Currency May 13th, 2015

The New Zealand dollar eased off the two week lows it has been lingering at as the markets anticipate today’s Reserve Bank of New Zealand’s Financial Stability Report. Experts are looking for indications on the central bank’s next monetary policy moves, and the NZD/USD rate jumped up almost half a cent in anticipation of today’s meeting.

Tuesday also saw the Australian Bureau of Statistics state that home loans had increased by 1.6% in March, way above the expected 1% rise.

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