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Kiwi Strength Ahead
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The New Zealand dollar eased after the Reserve Bank kept rates unchanged at 2.5 per cent and delivered a more balanced message than the market had expected.
It's fall followed a 1.3 percent rally on Wednesday night - making it the strongest performer among its peers.
In recent weeks the Aussie and Kiwi dollars have diverged from each other, with the currency cross falling over 5 percent since April. Even though the pair are now trading at their lowest level for 4 years, Saxobank’s John Hardy thinks there is room for a move even lower.