The New Zealand dollar fell after recording its highest level in 15 months

The New Zealand dollar saw a decline during Thursday's trading, after experiencing a a rise yesterday to its highest level in 15 months in spite of the Central Bank of New Zealand cut interest rates, and the reference to the possibility of a further easing in monetary policy.

The New Zealand dollar against the US dollar pair is currently trading at the level of 0.7284 after recording the highest at 0.7309 and the lowest level at 0.7265, while the session today opened at 0.7283, this comes after the pair rose yesterday to its highest level in 15 months at 0.7339.

The British central bank announced lower interest rates by 25 basis points to reach to level of 2%. Where Bank President pointed out that the global growth rates under the right direction, in spite of its monetary stimulus by global central banks.

On the other hand, the Central Bank of New Zealand pointed to the possibility of carrying out further monetary easing during the last period in order to work on further support for growth rates in light of falling commodity prices, along with the decline in global demand.

dollar index, which tracks the dollar's performance against a basket of major currencies, is currently trading at the level of 95.58 after it opened today's session at the level of 95.54, while the lowest level been recorded at 95.49 after recording the highest at 95.66 comes after the dollar index fell yesterday to record the lowest level at 95.43.