KIwi dollar reverses after spike

Nov 30, 2023 | Currency, Global Share Markets, Money Market

Aided by a stronger USD overnight, the NZ dollar has reversed yesterday’s post-MPS rally, after the RBNZ’s surprising forecast update which showed an increased chance of tighter policy and a higher-for-longer rate track, notes BNZ Markets. NZD/USD is trading back around 0.6150. Bond markets have been supported by some market-friendly data, extending the recent rally […]

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KIwi dollar reverses after spike

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