We have updated our privacy policy and terms & conditions. Find out more here.
0
 

Forex - NZD/USD steady after RBNZ holds rates

By Investing.comForexJan 31, 2013 07:54AM GMT Add a Comment
 
AA
+
-
Investing.com - The New Zealand dollar was steady against its U.S. counterpart on Thursday, after the Reserve Bank of New Zealand left interest rates unchanged, while the U.S. Federal Reserve reaffirmed its commitment to maintaining its easing program.

Forex - NZD/USD steady after RBNZ holds rates
NZD/USD hit 0.8367 during late Asian trade, the session high; the pair subsequently consolidated at 0.8363, inching up 0.04%.

The pair was likely to find support at 0.8295, Wednesday's low and resistance at 0.8382, Wednesday's high.

In a widely expected move, the RBNZ left its benchmark interest rate unchanged at a record low 2.50%.

Commenting on the decision, RBNZ Governor Graeme Wheeler said "We expect economic growth to strengthen over the coming year, reducing spare capacity and bringing inflation slowly back towards the 2% target midpoint.”

In the U.S., the Fed said Wednesday that it will continue its USD85 billion a month quantitative easing program “if the outlook for the labor market does not improve substantially.”

The U.S. central bank also reiterated that it will continue to hold interest rates close to zero until the unemployment rate falls below 6.5%.

The kiwi was higher against the euro with EUR/NZD falling 0.13%, to hit 1.6211.

Later in the day, the U.S. was to release the weekly government report on initial jobless claims.


Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Related Articles

Add a Comment

 

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

EUR/NZD
 
 
 
Are you sure you want to delete this chart?
 
 
 
Are you sure you want to delete this chart?
 
 
 

Successfully Reported

Thank you. This comment has been flagged for a moderator.
_touchLoadingMsg