Yesterday’s trade saw NZD/USD within the range of 0.7480-0.7406. The pair closed at 0.7450, gaining 0.31% on a daily basis.
At 7:43 GMT today NZD/USD was up 0.09% for the day to trade at 0.7458. The pair held in a daily range of 0.7424 – 0.7482.
Fundamentals
New Zealand
RBNZ policy decision
The Reserve Bank of New Zealand (RBNZ) will probably leave its benchmark interest rate (the official cash rate) without change at 3.50% at the policy meeting today, according to market expectations. The central bank raised borrowing costs by 25 basis points (0.25%) to the current 3.50% at the July 23rd meeting, which marked the fourth consecutive increase in rates during 2014.
Read more at Click Here / www.trade4x.net
At 7:43 GMT today NZD/USD was up 0.09% for the day to trade at 0.7458. The pair held in a daily range of 0.7424 – 0.7482.
Fundamentals
New Zealand
RBNZ policy decision
The Reserve Bank of New Zealand (RBNZ) will probably leave its benchmark interest rate (the official cash rate) without change at 3.50% at the policy meeting today, according to market expectations. The central bank raised borrowing costs by 25 basis points (0.25%) to the current 3.50% at the July 23rd meeting, which marked the fourth consecutive increase in rates during 2014.
Read more at Click Here / www.trade4x.net
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