New Zealand Dollar Slides After RBNZ Unexpectedly Holds Rates
The New Zealand dollar tumbled after the Reserve Bank of New Zealand unexpectedly held rates steady. Asian stocks also rallied as AI enthusiasm buoyed sentiment ahead of US earnings.
By Rae WeeAsia stocks rallied on Wednesday as renewed AI enthusiasm buoyed sentiment ahead of earnings from industry bellwethers later in the US day, while the New Zealand dollar tumbled after the country's central bank unexpectedly held rates steady.South Korea's Kospi KRX:KOSPI surged more than 6…