RBNZ Cuts Rates Again as Trump Proposes Tariffs on Imports
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- The Reserve Bank of New Zealand (RBNZ) has implemented its third consecutive 50 basis point rate cut.
- The New Zealand dollar (NZD) dropped to around 0.5680 before rebounding to 0.5720.
- Former President Donald Trump hinted at a 25% tariff on imported automobiles.
- Trump warned he may restrict Venezuela from exporting oil through Chevron.
- Bank of Japan's Takata noted Japan's real interest rates are deeply negative.
- China's home prices fell for the 20th consecutive month, indicating market challenges.
- The Canadian dollar faces pressure due to potential U.S. tariffs on imports.
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