The NZD is significantly weaker following yesterday’s policyannouncement by the Federal Reserve (see Majors).The NZD/USD is 1.2% off its pre-Fed level, sitting at0.8540 this morning. The currency had retraced about onethirdof its immediate losses following the Fed meeting, butthe NZ GDP result saw the resumption of NZD selling.
Read the full report: FX Daily
BNZ