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Asia FX muted amid China jitters, Kiwi boosted by record RBNZ hike.
Most Asian currencies moved little on Wednesday as rising COVID-19 cases in China and the introduction of new curbs weighed on sentiment, while the New Zealand dollar rallied after a record-high interest rate hike by the central bank.
The New Zealand dollar jumped 0.5% to $0.6170 after the Reserve Bank of New Zealand (RBNZ) hiked rates by 75 basis points (bps), its biggest ever rate raise as it struggles to contain rising inflation.
