Dollar slips as investors bet on US rate cuts; kiwi jumps after RBNZ decision

November 26, 2025

The dollar weakened as U.S. economic data suggested a December rate cut, with a potential dovish Fed chair nominee further pressuring the currency. The New Zealand dollar surged on a hawkish outlook, while the Australian dollar saw a brief boost from inflation figures. Sterling remained steady ahead of a significant budget announcement.

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