New Zealand Dollar Slides Most Versus Aussie Since 2017 on RBNZ

The New Zealand Reserve Bank kept its policy rate unchanged at its latest meeting, contrary to economist expectations for an increase. The New Zealand dollar declined against the Australian dollar by its largest margin since 2017 following the decision, according to Bloomberg. CNBC reported the currency has fallen nearly 5% against the U.S. dollar over the past six months.

• Bloomberg — New Zealand Dollar Slides Most Versus Aussie Since 2017 on RBNZ
• CNBC — New Zealand dollar tanks after central bank defies markets' near-certainty it would hike rates

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