NZ dollar rebounds after PBOC stimulus moves

The New Zealand dollar rebounded after China's central bank demonstrated its willingness to prop up its banking system to the tune of 1.7 trillion yuan on Monday and Tuesday and by cutting interest rates, helping to calm global markets which had been plunging in the wake of the coronavirus crisis....

Read the full story at BusinessDesk — subscribe now: https://businessdesk.co.nz/article/nz-dollar-rebounds-after-pboc-stimulus-moves

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