Kiwi and Aussie edge down after RBNZ holds

Kiwi and Aussie edge down after RBNZ holds

On Thursday, the New Zealand along with Australian dollars sank versus their US rival, after the Reserve Bank of New Zealand left interest rates intact, while traders were still digesting recent American political events.

The currency pair NZD/USD dipped 0.73%, hitting an 11-month minimum of 0.6841.

New Zealand’s major financial institution shocked financial markets by announcing it actually expects to tighten monetary policy in 2019. By the way, financial analysts had expected a shift in policy approximately in the first half of 2019.

Commenting on the bank’s verdict, RBNZ Governor Graeme Wheeler told that the recent dip in the New Zealand dollar turned to be encouraging, and if sustained, would assist in rebalancing the surge outlook.

The currency pair AUD/USD went down 0.14%, being worth 0.7355.

Meanwhile, market participants were still digesting Trump’s shocking decision to have FBI Director James Comey sacked.


Latest news

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera