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Snap Lockdown Puts RBNZ Hike into Question, NZD/USD Drops to Three-Week Low

KEY TALKING POINTS: New Zealand enters a snap 3-day lockdown after one confirmed case of Covid-19 in Auckland RBNZ probability of 25 bps hike drops to 85% from 100% NZD/USD resting on key support area The New Zealand Dollar has spiked lower this morning after a snap 3-day lockdown has been announced. This comes after the first case of Covid-19 was detected in the country since February, with Auckland having an extended 7-day lockdown as it is the origin of the only

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