The Business Times
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NZ$ sinks on central banker's comments

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Published Thu, Apr 23, 2015 · 09:50 PM

    London

    THE New Zealand dollar was the biggest mover on major currency markets on Thursday, sinking 1.5 per cent after a senior central banker pointed to the need for lower, not higher, interest rates.

    The US dollar continued to struggle for momentum, trading in the middle of a range it has held since early March, while the Swiss franc recovered from new moves by Swiss authorities to weaken the currency.

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