February 20, 2025 – Written by Frank Davies
STORY LINK New Zealand Dollar Rallies Despite Latest RBNZ Rate Cut
The New Zealand dollar spiked lower after the latest Reserve Bank of New Zealand rate cut before rallying on expectations that the rate cycle would end this year while aggressive rate cuts would help underpin the economy.
The Pound to New Zealand dollar exchange rate (GBP/NZD) spiked to 2-week highs just above 2.22 before a retreat to near 2.20.
According to ING; “NZD is benefitting from seeing the end of the easing cycle…
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