India, Aug. 31 -- The New Zealand dollar weakened against other major currencies in the European session on Monday, despite traders anticipate that the Reserve Bank of New Zealand will raise interest rates due to high inflation and solid confidence indicators.
Traders anticipate that the RBNZ will raise interest rates by 25 basis points to 2.75 percent for the second time in a row, due to high inflation and a significant increase in consumer and business confidence.
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