28 Jan 2015
NZD/USD smashes through 0.7400 on dovish RBNZ and jawboning
FXStreet (Guatemala) - NZD/USD drops further, and break to fresh lows, penetrating the 0.74 handle, and moves down to the lowest level since March 2011 on the back of the RBNZ leaving rates on hold at 3.5%
NZD/USD was firstly offered on the Fed's decision to keep rates on hold. Meanwhile, the RBNZ has jawboned its currency and said that it remains unjustifiably, unsustainably high and they expect further moves to the downside. The Central Bank have vowed to keep rates on hold for some time as inflation is tempered below 2% target and international developments are hindering global growth that is weighs their trading partners.
NZD/USD was firstly offered on the Fed's decision to keep rates on hold. Meanwhile, the RBNZ has jawboned its currency and said that it remains unjustifiably, unsustainably high and they expect further moves to the downside. The Central Bank have vowed to keep rates on hold for some time as inflation is tempered below 2% target and international developments are hindering global growth that is weighs their trading partners.