Dollar Surges on RBNZ's Unexpectedly Hawkish Stance

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SYDNEY: The New Zealand dollar rose almost 1% on Wednesday to its highest level in two months as the central bank lifted its forecasts for peak interest rates and pushed back when it expects cuts, in a hawkish surprise that also sent the kiwi flying on its Aussie counterpart.

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Against the greenback, the Australian dollar gained 0.2% to $0.6677 after holding mostly steady overnight.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaAustraliaJapanNew Zealand

Topics: Interest rate Forex Exchange /Business/Business News RBNZ Dollar Currency

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-22 @ 11:30:00 (1 months ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 399 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 21055063

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Official Website: thestar.com.my

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