The Markets
Dollar soars as investors price out negative cash rate
Wednesday 11th of November 2020
The kiwi dollar had been trading at 68.30 US cents prior to the RBNZ’s policy statement at 2pm this afternoon, but surged as high as 69.03 cents as investors walked back a prediction the central bank would cut the OCR down the track. At 5pm it was trading at 68.90 US cents.
“Given the recent resilience of the domestic economy, we assess that the funding for lending scheme wi...
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