2024-07-17 22:00:00 +0300

Rate Hikes Are No Match for Traders Selling New Zealand’s Dollar

Bloomberg

New Zealand’s dollar is poised to keep falling -- despite a central bank that’s in the vanguard of the global push for tighter monetary policy.

The kiwi has dropped by more than 11% against the greenback since the Reserve Bank of New Zealand started raising interest rates in October. It failed to rally even after policy makers delivered their sixth-straight increase last week, and flagged more to come.

#globalpush #policymakers #kiwi #greenback #ReserveBank

Continue read on bloomberg.com

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