The kiwi gained in Asia on Thursday despite a central bank 25 basis points cut in the official cash rate to a record low 2% and saif further reduction were possible if needed.
NZD/USD traded at 0.7280, up 0.93% after the decision, Elsewhere, AUD/USD traded at 0.7714, up 0.13%, while USD/JPY changed hands at 101.21, down 0.07%.
The U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was last quoted at 95.59.
For more information visit our website.
NZD/USD traded at 0.7280, up 0.93% after the decision, Elsewhere, AUD/USD traded at 0.7714, up 0.13%, while USD/JPY changed hands at 101.21, down 0.07%.
The U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was last quoted at 95.59.
For more information visit our website.
Forex - Kiwi gains despite RBNZ rate cut to record low 2.0%
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