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Dollar hits six-year low after rate cut NZ Herald

Posted by Noman Manzoor on Wednesday, September 2, 2009

Bank Economy Financial Money PhotosThe New Zealand dollar hit a six-year low overnight following yesterday's slashing of the official cash rate and announcements that the crown accounts were in the red and the trade deficit was greater than expected. The kiwi fell to US$51.27c, the lowest since December 2002, according to Reuters data...

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