Kiwi soars on hawkish RBNZ, greenback bounces from 1-month low

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Reuters UK

By Kevin Buckland TOKYO (Reuters) – The New Zealand dollar traded an early decline for a big gain on Wednesday after a hawkish tilt from the country’s central bank, while the greenback bounced off a one-month low amid a stabilisation in Treasury yields. The kiwi reversed losses as steep as 0.53% ahead of the Reserve Bank of New Zealand interest rate decision to gain as much as 0.61%, hitting a three-week peak of $0.65 immediately afterward. It last traded 0.43% higher at $0.6488. The RBNZ raised the key rate by half a point, as widely expected, but released more hawkish guidance on its future …

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