New Zealand Dollar falls most in 9 months on RBNZ

Source: Bloomberg
© Scanpix/Reuters
New Zealand's currency reached the weakest level in nine months as the RBNZ issued a warning of the potential "sizeable decrease" in the Kiwi. The New Zealand's Dollar depreciated by at least 0.9% against all 16 major counterparts. The currency dropped 1.3% to 85.85 U.S. cents and slipped to NZ$1.1013 per Australian Dollar.

 

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