You are here

CURRENCIES

New Zealand dollar hits five-year low on rate cut

London

THE New Zealand dollar slumped 2.6 per cent to a five-year low against the US dollar on Thursday, after the Reserve Bank of New Zealand cut interest rates and suggested more easing may follow. The kiwi was on track for its biggest daily loss in four years, dropping to US$0.6998 in

sentifi.com

Market voices on:

Powered by GET.comGetCom