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Pound to NZ Dollar Exchange Rate Recovers After a Torrid Mid-Week Session, BoE Interest Rate Talk Helps

  • Written by Will Peters

new zealand dollar exchange rate forecast

The NZ Dollar (NZD) exchange rate complex has, as forecast, come under intense scrutiny after the RBNZ announced another rate hike by 0.25 basis points.

However, it was warning of further interest rate rises that saw markets push the currency sharply higher. Nevertheless, in the final session of the week we are seeing some profit taking on the strong moves:

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