The New Zealand dollar is sharply lower on Wednesday. NZD/USD is trading at 0.6079 in the European session, down 0.96% on the day. RBNZ slashes rates to 4.75% The Reserve Bank of New Zealand lowered the cash rate by 50 basis points on Wednesday to 4.75%. The RBNZ cut rates by 25-bps in August, the […]
The post New Zealand Dollar Sinks After RBNZ Cuts by 50 bps appeared first on Action Forex.
Transcript: Conway Gittens: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today. Stocks are in a holding pattern Wednesday as investors await key inflation data and quarterly earnings Read more…
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In a speech today, Dallas Fed President Lorie Logan emphasized the need for a “more gradual path” in reducing the fed funds rate following last month’s 50bps cut. She stated that this approach would better Read more…