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Setting in motion last week’s plunge in the New Zealand and Australian Dollars was a move by New Zealand’s government aimed at property speculators.
The table has been set for further weakness in the Australian and New Zealand Dollars. However, short-term technical factors could at times trigger a few short-covering rallies due to oversold ...
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The New Zealand dollar contributes greatly to the total global exchange market—far in excess of New Zealand's relative share of population or global GDP. According to the Bank for International Settlements , the New Zealand dollar's share of global foreign exchange market daily turnover in 2016 was 2.1% (up from 1.6% in 2010) giving it a rank ...
Another financial commentator said the New Zealand dollar was the "hottest" currency of 2014. [88] Only three months later, the New Zealand Productivity Commission expressed concern about low living standards and problems affecting the long-term drivers of growth. Paul Conway, Director of Economics and Research at the Productivity Commission ...
The RBA left its cash rate unchanged, but dropped both a commitment to keeping bond yields low and no hike in interest rates until 2024.
The Reserve Bank of New Zealand (RBNZ) (Māori: Te Pūtea Matua) is the central bank of New Zealand.It was established in 1934 [2] and is currently constituted under the Reserve Bank of New Zealand Act 2021. [3]