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Aug 11 - 11:55 PM

NZD/USD - Lower After RBNZ Increases LSAP To NZ$100 Bln

By John Noonan  —  Aug 11 - 10:10 PM
  • NZD/USD fell from 0.6566 to 0.6524 after RBNZ left rates on hold at 0.25%

  • Move lower due to increase of LSAP from NZ$60 bln to NZ$100 bln nAZN00NF9E

  • Market was expecting an increase to NZ$80 bln

  • NZD/USD support @ 55-day MA @ 0.6523 holding and it is back above 0.6550

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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