Kiwi Slides in Overnight as Aftershocks Temper RBNZ Rate Hike Expectations

The New Zealand Dollar plummeted in the Asian and European sessions as a 5.5 magnitude earthquake aftershock in the area around Christchurch, New Zealand, the same city affected by a 6.3 magnitude earthquake in February, may give Reserve Bank of New Zealand Governor Alan Bollard the evidence he needs to maintain the key interest rate at 2.50 percent until 2012.

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