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Feb 23 - 09:55 PM

NZD/USD - Whippy After 'cautious' RBNZ On Hold

By John Noonan  —  Feb 23 - 08:17 PM
  • NZD/USD has eased from 0.7350 to below 0.7317 after RBNZ left policy on hold nW9N2H801M

  • RBNZ statement remained cautious despite improving economic data

  • RBNZ said economic outlook ahead remains "highly uncertain" nW9N2H801M

  • NZD/USD recovered back to 0.7360 after RBNZ Minutes were more upbeat than statement nS9N2H600Z

  • RBNZ Minutes say the higher NZD offsetting some of the policy support nS9N2H600Z

  • NZD/USD resistance is at double-top at 0.7437 For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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