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The base currency – NZD. The counter currency – CAD. The NZD/CAD chart represents the relationship between the New Zealand and Canadian dollars. Both currencies are referred to as commodity currencies. New Zealand is deeply associated with agricultural commodities, in particular the exporting of meat and dairy products to China and Australia. Canada is known as the largest oil-producer to the US market, therefore, its currency rate is primarily correlated to oil. To browse the latest Forex NZD/CAD rates, follow Capital.com.
Bank of England (BoE) cut rates for the first time in August 2024, with further easing expected in the coming months. But how low are rates likely to go?
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