New Zealand Dollar Hits 6 Month Low After RBNZ Rate Cut
Will the US Dollar Continue to Rally? Euro Could Come Under Further Pressure on German IFO Report New Zealand Dollar Hits 6 Month Low After RBNZ Rate Cut For the first time in 5 years, the Reserve Bank of New Zealand cut interest rates by 25bp to 8 percent and signaled that rates will be cut even further. The futures curve is pricing in 5 rate cuts over the next 12 months and this is the first of the five. The New Zealand economy has been struggling and could be headed for a recession. The
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