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May 13 - 09:48 PM

NZD/USD - Falls After RBNZ Keeps OCR On Hold At 0.25%

By John Noonan  —  May 12 - 10:05 PM
  • NZD/USD falling after RBNZ kept the OCR at 0.25% nS9N2CO00O

  • RBNZ increased QE programme to NZ$ 60 Bln from 30 Bln as expected nAZN00COHR

  • RBNZ said they were prepared to reduce the OCR further if needed

  • It was the comment they could lower the OCR further that hit the NZD

  • NZD/USD below yesterday's 0.6042 low with next support at May 7 low @ 0.5995

Source:
Refinitiv IFR Research/Market Commentary

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