Reserve Bank of New Zealand

Dollar steady ahead of Fed minutes, NZ dollar falls after rate cut

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Dollar steady ahead of Fed minutes, NZ dollar falls after rate cut

The dollar drifted sideways on Wednesday, giving some relief to the yen and other major currencies after a sharp rally to a seven-week high last week, as investors paused to assess the interest rate path outlook for the United States. The New Zealand dollar slumped to its lowest since Aug. 19 at $0.6096, after the … Read more

Australia, NZ dollars keep rally alive before inflation test

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Australia, NZ dollars keep rally alive before inflation test

The Australian and New Zealand dollars kept a rally alive on Wednesday as markets pondered the outlook for interest rates ahead of some key inflation reports. The Aussie firmed to $0.6735, having added 0.4% overnight. It faces resistance at $0.6750 ahead of the recent seven-week top of $0.6808, while support lies at $0.6681. The kiwi … Read more