Published 2 years ago

Kiwi dollar surges on weaker US inflation and anticipated Reserve Bank interest hike

Summary by Ground News

The NZ dollar notched up its best week in more than two years surging 3.4 percent last week to 64.5 US cents. The Monetary Policy Statement this week will be closely watched for signs Reserve Bank may be moderating its money tightening cycle. weaker than expected inflation data in the US had traders betting the Kiwi dollar would rise.

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Kiwi dollar surges on weaker US inflation and anticipated Reserve Bank interest hike

Business & Investing: Kiwi dollar surges 3.4 percent but Monetary Policy Statement this week will be closely watched for signs Reserve Bank may be moderating its money tightening cycle

2 years ago

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