Forex Markets React to RBNZ OCR Cut
The forex markets just witnessed the RBNZ go with the flow of dovish turn in the global economy. This has turned traders betting against the New Zealand dollar. After the RBNZ announced the 50-basis-point cut on Tuesday, the kiwi tumbled to record lows. The NZDUSD pair plummeted 1.9% to 0.6400. The markets are also betting …