NZD short-covering ahead of RBNZ tomorrow

NZD short-covering ahead of RBNZ tomorrow
The market is unanimous in it’s expectation that the RBNZ will make no change to rates or policy tomorrow, but the market looks to be still sitting short NZD both against the USD and the AUD. The NZD/USD has jumped up 30 pips in the last hour or so as the NZ trading day comes to a close.

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