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The NZD/USD pair continues its downward trend, dropping to 0.6240 in its third consecutive session of declines. This ongoing sell-off in the New Zealand dollar is driven by market expectations of an upcoming interest rate cut by the Reserve Bank of New Zealand (RBNZ). New Zealand’s borrowing costs are currently at 5.25% per annum, with […]

The post NZD/USD Dips as Market Anticipates RBNZ Rate Cut appeared first on Action Forex.

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09/07/2024

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