Kiwi inches up after RBNZ holds

Kiwi inches up after RBNZ holds

On Thursday, the New Zealand dollar jumped versus its American counterpart, after the Reserve Bank of New Zealand didn’t change its interest rates. Meanwhile, the Australian currency was nearly intact.

The currency pair NZD/USD tacked on 0.61%, getting to 0.7251 after the RBNZ decided to hold the benchmark interest rate at 1.75%, just as expected. The financial institution stressed it has no plans to lift rates in the nearer future.

The bank added that a lower New Zealand dollar would assist in rebalancing the surge outlook towards the tradable sector. However, it said the currency’s recent profits were partly powered by higher export prices.

The currency pair AUD/USD stood still at 0.7555, off a one-week minimum of 0.7208 reached overnight.

As for the greenback, it didn’t show any reaction to Wednesday’s data from the US National Association of Realtors telling that existing home sales tacked on by 1.1% in May to about 5.62 million units, ruining hopes for a 0.5% sag.

Similar

Popular

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

Callback

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

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