Kiwi on a roll as another CB suggests end to easing cycle

The NZD is higher across the board after the RBNZ cut rates by 25bps but strongly hinted that the easing cycle is now over. Coming on the back of the ECB last week and with the Fed set to raise rates next week, we seem to have turned the corner globally in the interest rate discussion.

Next resistance in the NZD/USD is at .6785.

http://www.rbnz.govt.nz/news/2015/mps-10-dec-2015.html

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