NZD/USD Holds September Low Ahead of China PMI’s, Fed Doves
The medium-term outlook for the NZD/USD remains bearish as the Reserve Bank of New Zealand (RBNZ) sticks to a neutral policy stance and retains the verbal intervention on the New Zealand dollar, but the pair may face a larger correction in the days ahead should the fresh back of central bank rhetoric coming out of the Federal Reserve drag on interest rate expectations.
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