November 28, 2024 – Written by Frank Davies
STORY LINK New Zealand Dollar Rebounds Despite Rate Cut, GBP/NZD Hits 1-Month lows
The New Zealand dollar rallied after the Reserve Bank of New Zealand (RBNZ) interest rate cut.
There had been some speculation of an even larger cut and the decision triggered some short covering. There were also hopes that lower rates would help support the economy.
The New Zealand dollar to dollar (NZD/USD) exchange rate rallied to 0.5875 from 0.5830 while the Pound to New Zealand…
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