NZD/USD: pair is strengthening

Forex analytics: Current trendTowards the end of the week, the pair substantially grew.The pair was unexpectedly supported by the RBNZ decision on interest rates made on Wednesday. As was forecasted, the rate was cut by 25 basis points to 2.5% that caused a sharp growth in the pair. At the same time, in accompanying Rate Statement it was pointed out that rates could be reduced again if required. The regulator ...