The dollar is generally flat except against the NZD which rallied following the RBNZ statement. NZDUSD rallied to a high of 0.8637 following the statement, seemingly on market relief that the RBNZ did not protest NZD strength more aggressively than it did. In contrast, AUDUSD is at 0.9292, EURUSD has fallen slightly to 1.3823 and an initial rally in USDJPY has faded back to 102.26, close to the Asian open. USDCNY fell 10pips to 6.1589.
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Credit Suisse
