NZ Dollar Down on Rates Dovish Comments
Thursday, March 11th, 2010
After gaining for two consecutive days versus important currencies like the euro and the U.S. dollar, the kiwi currency didn’t manage to sustain its trend after central bankers in the country affirmed that lack of economic improvements in the South Pacific nation will delay interest rate hikes.
The dollar gained today versus most of the 16 main traded currencies as China tightened its lending restrictions, raising risk aversion in 