Forex: AUD/NZD reaches 2-month high after RBNZ

By FXstreet.com,  March 13, 2013, 04:27:00 PM EDT

The New Zealand dollar weakened broadly and fell to its lowest level in 2 months against its neighbor the Aussie, after the RBNZ decided to keep its monetary policy unchanged but said it expects to keep the Official Cash Rate ( OCR ) unchanged through the end of the year.

AUD/NZD jumped over 100 pips after the announcement and hit a high of 1.2574, last seen Jan 22. At time of writing, AUD/NZD is trading around 1.2560, recording a 0.7% gain on the day.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks: OCR



Latest News Video

Ex-Senator: How to Change Congress
Ex-Senator: How to Change Congress  
Chandra Levy Murder Trial Judge Promises More Openness
Chandra Levy Murder Trial Judge Pro...
Cheetah Robot - a Model of Speed and Efficiency
Cheetah Robot - a Model of Speed an...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.44 0.07  0.52%
F $ 14.95 0.10  0.66%
CLWR $ 3.40 0.14  4.29%
SIRI $ 3.515 0.02  0.43%
MSFT $ 34.85 0.23  0.66%
CSCO $ 24.01 0.07  0.27%
MRK $ 47.33 2.12  4.69%
PFE $ 28.78 0.08  0.28%