Kiwi rises after RBNZ rate decision
The New Zealand dollar advanced against most major currencies today, following the Reserve Bank of New Zealand interest rate decision.
The Reserve Bank of New Zealand kept interest rates at 1.00% today, unchanged as it was widely expected.
The bank stated that the current monetary policy is appropriate and didn't signal any rate cuts for this year, which spurred demand for the New Zealand dollar.
Whilst the bank hinted the global economic growth is at risk from the impact of the coronavirus outbreak in China and other Asian and European countries.
Bearing in mind that the Chinese government revealed today the coronavirus death toll rose to 1,117 victims and over 45,000 infected.
At 17:14 GMT, NZD/USD rose by 1% to trade at 0.6468, after the pair hit a high of 0.6488 and a low of 0.64.
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