The AUD/NZD cross rebounds from a one-week low touched during the Asian session on Wednesday and the buying interest picks up pace after the Reserve Bank of New Zealand (RBNZ) announced its policy decision.

The RBNZ slashed rates from 5.25% to 4.75% on Wednesday, marking its second straight cut to its interest rate since August.

The Reserve Bank of New Zealand (RBNZ) is set to follow the US Federal Reserve’s (Fed) footsteps when it announces its interest rate decision on Wednesday at 01:00 GMT.

The New Zealand Dollar (NZD) loses momentum to near the lowest level since mid-August on Wednesday.

The AUD/USD pair extends its decline to near 0.6740 during the Asian session on Wednesday.

The NZD/USD pair hits the monthly low near the round-level support of 0.6100 in Tuesday’s North American session.

The AUD/USD pair extends its losing streak for the fourth trading day on Tuesday.

The Reserve Bank of New Zealand (RBNZ) announces monetary policy overnight (0200 BST), and both markets and consensus are leaning in favour of a 50bp rate cut.

The NZD/USD pair extends its losing spree for the fifth trading session on Monday.

Speculation has grown about the possibility of a rate cut or a shift in monetary policy, especially after the US Federal Reserve delivered an unexpected 50-basis-point cut in September 2024.

The 3-day Monetary Policy Committee (MPC) meeting will conclude on October 9. The outcome of the meeting is eagerly awaited as the RBI has kept the repo rate steady for the last nine consecutive months.

(Bloomberg) — Sweden’s core inflation rate fell to the Riksbank’s 2% target for the first time since 2021 as the central bank is weighing its next easing move to spur domestic demand. 

The monetary policy committee lowered the benchmark rate to 9.75% from 10%, Deputy Governor Michael Atingi-Ego told a virtual briefing on Monday.