New Zealand Dollar Jumps on RBNZ Rate Cut
- Category: NZD
The New Zealand Dollar jumped by almost a per cent after the Reserve Bank of New Zealand cut the cash rate of 50bp to 4.25%.
NZD edged higher ahead of the Reserve Bank of New Zealand's (RBNZ) final monetary policy decision for 2024, as markets brace for a potential disappointment to dovish expectations.
The Pound to New Zealand Dollar exchange rate could rally if the Reserve Bank of New Zealand (RBNZ) cuts interest rates by 75 basis points this week.
The Pound remains a 'buy on dips' against the New Zealand Dollar.