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02 Sept 2026 · 13:07 GMT+3

RBNZ raises rates: Why is the New Zealand Dollar plunging?

NZD/USD plunges 1.45% on Wednesday, trading around 0.5810 at the time of writing, as the New Zealand Dollar (NZD) comes under heavy selling pressure despite an interest-rate hike from the Reserve Bank of New Zealand (RBNZ).

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