NZD/USD Outlook Mired by Slowing New Zealand GDP, Upbeat FOMC
NZD/USD struggled to hold its ground after the Reserve Bank of New Zealand (RBNZ) unexpectedly reduced the official cash rate by 25bp to 2.25% at the March 10 meeting, and the New Zealand dollar stands at risk of facing further losses over the coming week should the key data prints coming out of the region fuel speculation for additional monetary support.
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