Forex: AUD/NZD reaches 2-month high after RBNZ

The New Zealand dollar weakened broadly and fell to its lowest level in 2 months against its neighbor the Aussie, after the RBNZ decided to keep its monetary policy unchanged but said it expects to keep the Official Cash Rate (OCR) unchanged through the end of the year.

AUD/NZD jumped over 100 pips after the announcement and hit a high of 1.2574, last seen Jan 22. At time of writing, AUD/NZD is trading around 1.2560, recording a 0.7% gain on the day.

Mar 13, 2013

Forex: AUD/USD falls below 1.0300

The Aussie is trading lower against the USD following the RBNZ decision to leave unchanged its interest rate at 2.5%. The AUD/USD has fallen around 20 pips in the last minutes from 1.0310 to break down the 1.0300 level and test 1.0290.

Forex: NZD/USD falls to 2013 lows following RBNZ rate

After falling around 100 pips following the RBNZ decision to leave its interest rate unchanged at 2.5% but keep the OCR unchanged in 2013, the NZD/USD has collapsed to the lowest level since December 26th around 0.8660.