NZD/USD flows: False Break?

The RBNZ cut its cash rate by 50bp to 4.25% in the November meeting, revised the August OCR to indicate more front loading of rater cut in 2025 and sees CPI, core CPI & expectation to be closer to the middle of target range with further moderation momentum. But the Kiwi jumped as there was both a malfunction link for RBNZ's old release of hiking (which may have prompted algos reacting) and the November OCR forecast picture is slightly higher than the August forecast in 2027. 

While the former was clarified by Governor Orr as a misunderstanding, NZD/USD is still up 0.56% at 0.5867.