Kiwi rises as RBNZ signals rate hikes

Source: Reuters
© Scanpix/RS
The New Zealand's currency advanced on Thursday trading session rallying against its U.S. counterpart after the Reserve Bank of New Zealand signaled that it may lift its benchmark interest rates again this year as the economy improves. The so-called Kiwi added to a level of $0.8611 as the bank said it may hike the rates from 2.75% to 3.00% soon.

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