Kiwi dollar drops on dovish RBNZ outlook

25.5.23 Risk appetite weakened overnight on a number of concerns, notes BNZ Markets. Weaker risk sentiment and a much more dovish RBNZ policy outlook than expected have driven NZD down 2.3% to 0.61; NZ rates tumble, but only back to where they were a week ago Jason Wong, senior markets strategist comments, “Lack of progress […]