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12 Jun 2014

Recap: RBNZ Wheeler press conference

FXStreet (Bali) - At a press conference, RBNZ Governor Wheeler, outlined that the central bank still sees inflation pressures, while reaffirming the strong momentum in the economy.

With regards to the NZD exchange rate, Wheeler said "the bank will continue to monitor the NZD", while declining to comment on possible intervention.

Wheeler was somewhat surprised by the NZD resilience despite fall in commodity prices. Expects weakening as commodity prices fall, noting the strong historical correlation between NZD and terms of trade.
Jun 12, 2014

NZD/JPY soars to test the 88 handle

NZD/JPY is trading at 87.81, up 0.67% on the day, having posted a daily high at 88.02 and low at 86.97.
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Jun 12, 2014

RBNZ hints at another hike in July - Westpac

The tone of today’s RBNZ statement increases the likelihood of the RBNZ hiking in July again, rather than September, according to Westpac.
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