💨 Abstract

The New Zealand dollar declined on Wednesday after the Reserve Bank of New Zealand cut interest rates by 50 basis points and indicated more cuts were likely. The U.S. dollar rose against most currencies, touching a two-month high on a basket of peers, as investors priced in less certainty on Federal Reserve cuts while still expecting easing elsewhere. The Aussie dollar gained against the kiwi, while the euro and pound also weakened.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖