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10 Dec 2014
Dovish RBNZ can weigh on antipodeans – OCBC
FXStreet (Barcelona) - The OCBC Bank Research Team notes that a dovish than expected RBNZ, at its policy meeting today, might put additional deadweight on the antipodeans.
Key Quotes
“This morning, the deteriorating November NAB confidence indices and China’s November PPI/CPI reading come in on the wrong side of expectations, with the AUD-USD seen soggy intra-day with the 0.8200 support still expected to remain on the horizon. On other fronts, watch for potential and additional deadweight for the antipodeans if the RBNZ comes across as more dovish than expected today at its policy meeting. “
Key Quotes
“This morning, the deteriorating November NAB confidence indices and China’s November PPI/CPI reading come in on the wrong side of expectations, with the AUD-USD seen soggy intra-day with the 0.8200 support still expected to remain on the horizon. On other fronts, watch for potential and additional deadweight for the antipodeans if the RBNZ comes across as more dovish than expected today at its policy meeting. “