AUCKLAND: The New Zealand dollar is turning vulnerable to further declines despite expectations of aggressive policy tightening from the nation’s central bank this year.
That’s because the rates markets have fully priced in the bulk of the Reserve Bank of New Zealand’s (RBNZ) rate hikes in 2022, leaving the kiwi susceptible to losses amid risks that the Federal Reserve’s (Fed) policy tightening could turn even more hawkish.
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