NZD/USD spikes to 0.6900 after the RBNZ interest rate decision

The NZD/USD pair soared after the RBNZ interest rate decision. The bank left interest rate and the large asset purchases program unchanged. The members also voted to lower the cost of borrowing by providing more financing to banks. The NZD/USD pair rose to the highest it has been since March 2019 as traders reacted to the Reserve Bank of New Zealand (RBNZ) interest rate decision. It is trading at 0.6900, which is also an important psychological level. The RBNZ started its two-day monetary policy yesterday and announced its outcome today. As expected, the bank left interest rate unchanged at 0.25%, in line … (full story)

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