The New Zealand dollar plunged by a whopping 1.5 percent after dovish remarks from a top local central bank official opened the door to a rate cut from 3.50 percent in the months ahead amid worries about the outlook for growth and inflation. Markets now see a higher risk of action next week when bankers mull a rate decision on April 30.
The material has been provided by InstaForex Company – www.instaforex.com