New Zealand RBNZ Interest Rate Decision in line with forecasts (5.5%)

Jul 12, 2023

EUR/USD hits over two-month top, around 1.1030 area as USD selling remains unabated

The EUR/USD pair trades with a positive bias for the fifth successive day on Wednesday and climbs to the 1.1030 region, or its highest level since May

RBNZ hits the pause button, holds rates at 5.50% in July

The Reserve Bank of New Zealand (RBNZ) board members decided to maintain the official cash rate (OCR) at 5.50% at its July monetary policy meeting, co