Forex: AUD/NZD trading sharply higher after RBNZ comments
The AUD/NZD is trading sharply higher during Asia, up 100 pips at 1.2134. In what started as a quiet session quickly turned into a very active night after comments from RBNZ Governor Wheeler hit tape a bit earlier.
Forex Flash: Expect another RBA cut in June or July - Nomura
The RBA cut its rate by 25bp to 2.75%, saying “the Board decided to use some of that scope (to ease further). It judged that a further decline in the cash rate was appropriate to encourage sustainable growth in the economy, consistent with achieving the inflation target."