AUD/NZD: Following the decision of the RBNZ

Forex analytics: On Wednesday RBNZ suddenly decreased interest rate by 0.25% up to 2.25%. As reported in the following comments, Central Bank is concerned about further deterioration of the global economy. Bank’s fears are also associated with slowdown of the economic growth in China, decline in the dairy industry in the country and inflation expectations. Trade-weighted rate of New Zealand dollar is 4% above ...