Photo / 123RFThe New Zealand dollar is taking even more of a walloping, as financial markets reject a massive package of tax cuts announced in the United Kingdom. The New Zealand dollar was already depreciating. Coming back to the New Zealand dollar, BNZ senior markets strategist Jason Wong said its lurch south reflected a "pretty extreme" oversell. As for ANZ's Croy, he believed the New Zealand dollar would remain relatively weak. Without a major policy shift or direct foreign exchange intervention by a central bank, he saw the US dollar remaining strong.

Source: New Zealand Herald September 27, 2022 11:16 UTC