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Forex

NZ Market Dips as RBNZ Rate Hike Expectations Rise

Guavy AI Editorial Team
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USD NZD
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New Zealand's financial market experienced a dip on Friday as economic growth exceeded expectations, strengthening the likelihood of a rate hike by the Reserve Bank.

The S&P/NZX 50 index rose this week due to investor reassurance from the Federal Reserve's focus on taming inflation through interest rate hikes.

Vista Group International and Gentrack were among the strongest performers, while Serko lagged behind with a second consecutive weekly double-digit decline.

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