NZ Dollar Licks Wounds After RBNZ Cuts Interest Rates

May 09,2019 04:26   Source:Earnforex
The New Zealand dollar sank today after the Reserve Bank of New Zealand cut interest rates. By now, the currency managed to erase a big chunk of losses, though it is still trading below the opening level. Ahead of the central bank’s decision, analysts were divided whether it would cut rates at this meeting or later. It turned out that the RBNZ decided to act now, slashing its main interest […]

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