RBNZ Rate Cut Wagers Leave New Zealand Dollar Eyeing 2022 Low [Yahoo! Finance]
NATL AUSTRALIA BK S/ADR (NABZY)
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Source: Yahoo! Finance
Most Read from Bloomberg NYC's Underground Steam System May Be Key to a Greener Future NYC Gets Historic Push for 80,000 Homes With $5 Billion Pledge In Kansas City, a First-Ever Stadium Designed for Women's Sports Takes the Field NYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid Probes Tokyo's Scorching Summers Focus Public Anger Against Tree Cutting The currency weakened to a one-year low versus the dollar last week as the Reserve Bank of New Zealand's downbeat view of the economy and concern over the impact of potential tariffs under Donald Trump's administration spurred traders to bet on large rate cuts. The swaps market is pricing in a 50-basis-point cut this week, with some seeing a small chance of a 75-basis-point reduction. “This isn't going to offer the New Zealand dollar any support in the context of what Trump 2.0 might deliver in the first half of 2025 regarding tariffs and what that means for China and the global growth outlook,” said Ray Attrill
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