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Jul 13 - 10:55 PM

NZD/USD - Moves Higher After RBNZ Agrees To Reduce Level Of Stimulus

By John Noonan  —  Jul 13 - 10:16 PM
  • NZD/USD jumped to around 0.7000 from 0.6970 after RBNZ statement nS9N2MR029

  • RBNZ agreed to reduce current stimulatory level of monetary settings

  • RBNZ maintained cash rate at 0.25% but will halt LSAP purchases by 23 July 2021 nL4N2OQ0M9

  • NZD/USD resistance is at the 21-day MA at 0.7006 and 200-day MA at 0.7072

  • For more click on FXBUZ










Source:
Refinitiv IFR Research/Market Commentary

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