New Zealand dollar declines for the second day in a row

The New Zealand dollar fell during trading on Friday, the second day in a row after it failed to maintain the gains recorded after the Central Bank of New Zealand kept interest rates.

The New Zealand dollar against the US dollar is currently trading at 0.7292 level after it opened today's trading at the 0.7310 level and recorded the highest at 0.7313 and the lowest at 0.7287.

The Central Bank of New Zealand approved expectations and kept interest rates at a level of 2%, as the bank pointed out its intention to continue to ease monetary policy even with improved growth rates in New Zealand in order to support the declining levels of inflation.

The pointing of the Central Bank of New Zealand's intention to cut interest rates again in the coming period reduced the chances of the New Zealand dollar holding gains to reflect the rapid movement downwards, comes with the expectations of the US dollar decline in today's trading.

As for the dollar index, which tracks the dollar's performance against a basket of major currencies, is currently at the level of 95.43 after it opened today's session at the level of 95.38, while the lowest has been recorded level at 95.34 after recording the highest at 95.48 comes after it fell yesterday to its lowest level in a week at 95.04.