NZD being a soft commodity exporter is connected to Chinese markets as NZ exports a lot to China. Soft commodities as dairy, lamb, meats is heavily demanded by Chinese market. Recently we have witnessed small relief rally boosted by Chinese officials saying the market turbulence is over . Late on Wednesday RBNZ will have a meeting deciding over official cash rate which should be cut by 25 basis point which stands with forecast but it is also a sign of a slower eco growth which is connected to
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