NZ dollar sustains rally on labour data ahead of Reserve Bank update

Wed, 07 Nov 2018

By Margreet Dietz Nov. 8 (BusinessDesk) - The New Zealand dollar climbed, sustaining its rally after yesterday's unemployment rate data eased bets the central bank will cut interest rates any time soon. The Reserve Bank is set to release its latest forecasts and policy statement this morning, hot on the heels of yesterday's report showing New Zealand's unemployment rate dropped to the lowest in a decade in the September quarter. Meanwhile, in the US midterm congressional elections Republicans strengthened their control over the Senate...

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