NZD/USD marked lower after the RBNZ leaves rates unchanged, as expected

The Reserve Bank of New Zealand statement and minutes highlights:

• RBNZ leaves its cash rate target unchanged at 5.50%, as expected

While the RBNZ said rates to will restrictive, it gave little to hints at future rate hikes. A more hawkish tone was expected.

NZD/USD has dipped to a three week low after the announcement, continuing its move lower after peaking circa 0.640 last week:

This article was written by Eamonn Sheridan at www.forexlive.com. Source