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New Zealand dollar rallies after RBNZ says rate cut may be last

Published 10/12/2015, 07:16 am
Updated 10/12/2015, 07:20 am
New Zealand dollar rallies after RBNZ says rate cut may be last
NZD/USD
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SYDNEY, Dec 10 (Reuters) - The New Zealand dollar NZD=D4 rallied around half a U.S. cent after the Reserve Bank of New Zealand (RBNZ) cut rates, but hinted it could be the last easing of the cycle.

The Kiwi dollar leapt a full cent to $0.6735, before stabilising around $0.6700, up 0.7 percent on the day. It initially dropped to $0.6562 after the rate cut before reversing its course.

The kiwi has tumbled 14 percent this year.

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