April 9, 2025 – Written by Frank Davies
STORY LINK RBNZ Cut: Pound to New Zealand Dollar Nears Best Buy Rate in Nine Years
The Reserve Bank of New Zealand (RBNZ) cut interest rates again as expected. The move was overshadowed by a further escalation in the US-China trade war which increased fears over the Asian and global economic outlook while risk appetite deteriorated again with equities under renewed pressure.
The New Zealand dollar to dollar (NZD/USD) exchange rate slumped to 5-year lows below 0.5500 before rallying…
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