Kiwi’s Two-Week Rout Worsens as Traders Bet on Rate Cut: ChartBy
What started off as a good month for New Zealand dollar has turned into a rout. The kiwi’s headed for its steepest two-week slide since January, down more than 4 percent. During the period, chances that the Reserve Bank will cut interest rates in August have more than doubled to 89 percent, according to swaps.
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