NZ dollar slides after RBNZ signals more gradual hikes
The NZ dollar slid after the RBNZ raised interest rates as expected, projecting a more gradual and limited pace of further tightening than markets had wagered. The Australian dollar held steady after data showed the economy held.
By Wayne ColeThe New Zealand dollar slid on Wednesday after the country's central bank raised interest rates as expected but projected a more gradual and limited pace of further tightening than markets had wagered on.In contrast, the Australian dollar held steady after data showed the economy held…