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Analysts at TD Securities suggest that with the election finally behind us, investor attention should return quickly to more conventional issues and drivers which puts the focus squarely on today’s RBNZ policy decision in the wake of the blockbuster Q3 employment data released there overnight.

Key Quotes

“We think the RBNZ should certainly acknowledge recent improvements to the macro landscape, but Governor Orr may be tempted to pour cold water on any hawkish leanings during his press conference. This leaves NZD with two-way risks short-term, but brighter prospects further out.”