India, Aug. 14 -- The New Zealand dollar strengthened against other major currencies in the European session on Friday, as traders continue to price in a Reserve Bank of New Zealand (RBNZ) rate hike for next month.
In order to maintain market expectations for another rate increase, the RBNZ has consistently emphasized the need to reduce some of its policy support.
However, new concerns about how far the RBNZ can continue to tighten its monetary policy have been prompted by weaker economic data that was reported this week.
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