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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.

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