## RBNZ's 25bp Rate Cut Propels NZD/USD Above 0.5660 Mark
In Wednesday's early Asian trading session, the NZD/USD currency pair has advanced to approximately 0.5665, gaining meaningful traction following the Reserve Bank of New Zealand's latest monetary policy announcement.
The central bank decided to reduce its Official Cash Rate (OCR) by 25 basis points, bringing it down to 2.25%. This decision, confirmed at the November meeting, arrived amid moderating economic growth and softening conditions in the housing sector. Market participants are now attending the 2:00 GMT press conference, where p
In Wednesday's early Asian trading session, the NZD/USD currency pair has advanced to approximately 0.5665, gaining meaningful traction following the Reserve Bank of New Zealand's latest monetary policy announcement.
The central bank decided to reduce its Official Cash Rate (OCR) by 25 basis points, bringing it down to 2.25%. This decision, confirmed at the November meeting, arrived amid moderating economic growth and softening conditions in the housing sector. Market participants are now attending the 2:00 GMT press conference, where p