NZDUSD unperturbed in the face of a possible RBNZ rate cut

With the Kiwi on its way towards the April double top, will the RNBZ pull a cut out of the bag?

The forecasts for today are fairly mixed.

Barclays and Morgan Stanley say a cut is coming either today (Barclays), or if not today they’ll signal August (MS). Citi says they’ll sit on their hands. Westpac follows MS with the June hold, August cut. HSBC and ANZ are on hold for today.

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