The NZD/USD pair has dropped to a seven-week low, touching 0.6091, as the sell-off that started on 1 October continues to intensify. The New Zealand dollar’s weakness is largely attributed to the Reserve Bank of New Zealand’s (RBNZ) recent decisions to lower interest rates in response to decreasing inflation pressures. The RBNZ has implemented consecutive […]
The post NZD/USD Hits Seven-Week Low Amid Ongoing Sell-off and RBNZ Rate Cuts appeared first on Action Forex.
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