RBNZ Unexpectedly Holds Rates, Sending Kiwi Lower
The Reserve Bank of New Zealand unexpectedly left rates unchanged in a narrow vote. The decision sent the New Zealand dollar lower.
A look at the day ahead in European and global markets from Rae WeeThe shocker in Asia's trading day came from the Reserve Bank of New Zealand, which unexpectedly left rates on hold, sending the kiwi sliding.The decision was by a narrow vote and came with agreement that tighter policy is necessary…