RBNZ has tummed NZD after surprising the markets with a chunky downside revision for OCR launch.
It was revealed from minutes that the 50 basis point cut was also discussed, but the board decided on 25 steps.
At the time of writing, Nzdusd has gained great support around the 0.8550 mark and has been trading at its lowest level since April.
This article was written by Arno V Venter on Investinglive.com.
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