October 10, 2024 – Written by David Woodsmith
STORY LINK The New Zealand Dollar to Pound Rate Drops Sharply as the RBNZ Cut 50bps
Wednesday’s session is mostly flat as the dollar and yields consolidate recent gains.
The big move of the day comes from the New Zealand dollar which fell around –1%.
This came after the RBNZ cut rates by another 50bps. This was no real surprise to markets, but the bank’s outlook and dovish tone weighed on exhancge rates.
Wednesday’s session is flat after an erratic few sessions…
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