FXStreet · 1 min read

New Zealand Dollar plunges after RBNZ raises OCR by 25 bps to 2.75%

New Zealand Dollar plunges after RBNZ raises OCR by 25 bps to 2.75%

The NZD/USD pair tumbles to near 0.5855 during the Asian trading hours on Wednesday. The New Zealand Dollar (NZD) faces some selling pressure against the US Dollar (USD) after the Reserve Bank of New Zealand (RBNZ) interest rate decision.

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