The NZD/USD jumped 100 pips to 0.6828 post-RBNZ rate decision. RBNZ kept the interest rates unchanged at 1.75 percent and said the next move in rates could be up or down. NZ-US bond yield differentials remain depressed near three-month lows. The bid tone around the NZD strengthened, sending NZD/USD well above 0.68 after the Reserve Bank of New Zealand (RBNZ) kept the interest rates unchanged 1.75 percent. The central bank said that employment is near max sustainable level and pledged to keep cash rate expansionary for a considerable period. The bank added further that the next move in rates could be up or down while citing both upside and downside risks to inflation. The positive response from the NZD suggests the markets were likely positioned for a much move dovish RBNZ. That said, the NZD/USD could retrace the 100-pip rally seen in the last few minutes as the 10-year NZ-US yield spread is still hovering at a three-month low of -58.78 basis points. The Kiwi could extend the post-RBNZ rally if the yield spread begins to rise in the NZD-positive manner. Technical Levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Coinify adds support for XLM, BCH, and BSV FX Street 4 years The NZD/USD jumped 100 pips to 0.6828 post-RBNZ rate decision. RBNZ kept the interest rates unchanged at 1.75 percent and said the next move in rates could be up or down. NZ-US bond yield differentials remain depressed near three-month lows. The bid tone around the NZD strengthened, sending NZD/USD well above 0.68 after the Reserve Bank of New Zealand (RBNZ) kept the interest rates unchanged 1.75 percent. The central bank said that employment is near max sustainable level and pledged to keep cash rate expansionary for a considerable period. The bank added further that the next move in… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
