The RBNZ leaves unchanged its interest rate at 2.5%
Mar 13, 2013
Forex: USD/JPY consolidates around 96.00
After a busy morning in NY, the USD/JPY entered a consolidation phase that has extended along the last hours. Strong US retail sales data helped to boost the dollar that reached a high of 96.24 against the yen, but then lost steam and settled in a range.
Forex: NZD/USD collapses to 0.8200 after RBNZ decision
the New Zealand Dollar has reacted down after the RBNZ decision to leave unchanged its interest rate at 2.5%. The NZD/USD fell around 70 pips from the 0.8270 to test the 0.8200 level following the release. Currently the pair is trading at 0.8205.