XE Market Analysis: North America – Aug 07, 2019

The Dollar has traded generally firmer in active markets. The New Zealand Dollar dove over 2% in hitting its lowest level against the U.S. Dollar since January 2016, at 0.6377, and sank to near seven-year lows in the case against the Yen. This followed a 50 bp rate cut by the RBNZ — the first cut of such magnitude since 9/11 — which put the cash rate at an all-time low 1.00% and which was pinned on flagging growth conditions as a consequence of simmering trade tensions and a global economic slowdown.

Source: XE news feed
XE Market Analysis: North America – Aug 07, 2019