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Currency Market News

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New Zealand and USA keep interest rates on hold
25 April 2012

As expected by the markets, the US and New Zealand central banks have this evening kept their interest rates on hold, with little effect on the value of their respective currencies.

Both the US Dollar and New Zealand Dollar rates have finished the day at virtually the same point against the Pound as they started, despite the UK economy officially slipping back into recession today. Both pairs remain near the top of recent trading levels and are good value if you are looking to send money to the USA or New Zealand for property purchases, emigration, to a family member, or importing goods.

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