NZ Dollar Rebounds After Falling on Interest Rate Cut Speculations

Feb 22,2019 21:14   Source:Earnforex
The New Zealand dollar fell intraday after the nation’s central bank proposed to raise capital requirements for New Zealand’s top banks, leading to speculations that an interest rate cut may follow. The currency has rebounded by now, though, even gaining against some of its rivals. The Reserve Bank of New Zealand proposed to raise capital requirements for the nation’s four biggest banks as a measure “of levelling the playing field.” In response to concerns that […]

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