The New Zealand Dollar fell across the board after the RBNZ surprised some with a 50bps rate cut and adopted an even more dovish tone than markets anticipated. The cut itself was not a shock—markets had speculated for weeks that a half-point move was possible—but positioning in the lead-up helped amplify the reaction. Some traders […]The post RBNZ Sparks Kiwi Selloff, Yen and Euro Weakness Persists appeared first on Action Forex.