The New Zealand Dollar (NZD) stages a comeback versus the US Dollar (USD) after the Reserve Bank of New Zealand (RBNZ) decided to hold rates unchanged
, while mixed USdented demand for the safe-haven status of the Greenback . At the time of writing, the NZD/USD is exchanging hands at 0.5922 after hitting a weekly low of 0.5870.
During the Asian session, the RBNZ decided to keep rates unchanged at 5.50%, as expected, though it struck a neutral stance. RBNZ’s officials reiterated its determination to curb inflation to its target, agreeing to keep rates high “for a sustained period of time.” The NZD/USD did not advance on the RBNZ’s decision; instead fell to a daily low of 0.
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