The Markets

Kiwi dollar unwinds RBNZ rally

Wednesday 2nd of June 2021

The kiwi dollar was trading at 72.63 US cents at 3pm in Wellington, down from 72.85 cents yesterday.

Fitch Solutions expects the kiwi to average 74.34 US cents for the remainder of the year as monetary policy in NZ is seen tightening earlier than in the United States, which will put upwards pressure on the kiwi as investors follow higher interest rates.

BNZ Bank has forecast the...

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