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Jun 23 - 10:55 PM

NZD/USD - Falls After RBNZ On Hold But Prepared To Do More

By John Noonan  —  Jun 23 - 10:10 PM
  • NZD/USD fell from 0.6500 to 0.6450 after RBNZ delivered a dovish hold nS9N2BC00U

  • RBNZ prepared to use additional tools if necessary

  • RBNZ said higher NZD is putting pressure on export earnings

  • Support for the NZD/USD is at 21-day MA at 0.6421










Source:
Refinitiv IFR Research/Market Commentary

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