Goldman Sachs: More cuts on the cards from RBNZ

Goldman Sachs published another note this Thursday, adding to their expectations of more easing coming in from the RBNZ in the upcoming months.

Key Points:

Now looking for a cut in November of another 25bp

And then again in March of next year (another 25 bp cut)

NZD/USD recovers from 1-1/2 month low, but remains on weak footing

NZD/USD has backed-off from today’s Asian session low of 0.6951 (lowest since June 8) but remains on a weak footing after RBNZ bolstered August rate c
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EUR/USD – above 1.10, attempting break above hourly 50-MA

EUR/USD consolidated above 1.10 in early Asia and is not attempting a break above hourly 50-MA of 1.1024 levels even though investors expect ECB to tw
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