New Zealand dollar tanks after central bank holds rates instead of hiking

The New Zealand dollar fell sharply after the central bank defied market expectations of a near-certain rate hike. The currency has reportedly lost almost 5% against the U.S. dollar over six months.

Timeline

1. 28 Oct, 12:36 UTCCNBC reports NZ dollar drop after rate decision

Top sources

• New Zealand dollar tanks after central bank defies markets' near-certainty it would hike ratesCNBC