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New Zealand Dollar Drops as RBNZ Holds Back Rate Hike on Covid Flare-Up

RBNZ RATE DECISION, DELTA COVID-19, NZD/USD –TALKING POINTS: RBNZ keeps Official Cash Rates at 0.25% with country in snap Covid lockdown The New Zealand Dollar sold off after the decision through the prior low 0.6880 Potential for NZD/USD to weaken further as rate hike expectations wind back The RBNZ delivered a surprise with the official cash rate remaining at 0.25% and the market immediately reacted, with the New Zealand Dollar making a new low below 0.6880. Clea

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