Yen Rebound Gains Momentum, NZD Gains on RBNZ’s Moderated Easing Outlook

Kiwi rebounded broadly during Asian session, supported by a less dovish-than-expected rate cut from RBNZ. While the 50bps reduction to 4.25% had been widely anticipated, RBNZ’s updated forecasts, which suggest a slower pace of easing in 202
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