Quotes from Western Union:
- A reduction in inflation expectations in New Zealand took a toll on the kiwi which weakened toward 2011 lows hit in early February.
- Receding inflation expectations at best reduce the chance of a Reserve Bank interest rate hike this year, while at worst open the door to an interest rate cut.
- The Aussie dollar fell in sympathy with its commodity cousin from New Zealand.
Commentary
NZD review: Western Union
Quotes from Western Union:- A reduction in inflation expectations in New Zealand took a toll on the kiwi which weakened toward 2011 lows hit in early February. - Receding inflation expectations at best reduce the chance …
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