New Zealand Dollar Slides Most Versus Aussie Since 2017 on RBNZ

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world New Zealand’s dollar slid the most in nine years against its Australian peer after the smaller nation’s central bank unexpectedly kept policy rates on hold, while cost pressures across the Tasman accelerated. The kiwi tumbled as much as 1.9% versus the Aussie, the biggest intraday decline since October 2017. That pushed the kiwi to as weak as NZ$1.2603 per Aussie, a level last seen in March 2013.

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