Forex News: RBNZ Bollard making comments following rate cut

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December 4, 2008

Forex News: RBNZ Bollard making comments following rate cut Posted by Greg Michalowski on Wed, 12/03/2008 - 3:33pm in RBNZ Bollard N.Z. BANKING SYSTEM REMAINS SOUND SURPRISED BY EXTENT OF FINANCIAL MARKET TURMOIL N.Z. LIKELY TO RECOVER SHARPLY FROM RECESSION N.Z. HAS BEEN IN SHALLOW RECESSION The comments are relatively comforting. This may lead to a correction higher in the NZDUSD, especially if the pair does not make test of the downside soon. Watch 0.5265. A break should solicit
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