Dollar weakens after US inflation data, kiwi drops on rate cut

From Google: 2024-08-14 00:33:55

The dollar weakened after an uneventful US inflation report, suggesting a slower pace of interest rate hikes. The New Zealand dollar plummeted following the country’s central bank cutting interest rates unexpectedly. Market participants now anticipate the Reserve Bank of New Zealand to continue its easing policy amid global economic uncertainties.



Read more at Google: Dollar sags after benign US inflation data; kiwi skids on rate cut – Reuters