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fxJul 8, 2026, 2:30 AM

NZD Rises After RBNZ Rate Hike, AUD/NZD Falls

The New Zealand Dollar strengthened following the Reserve Bank of New Zealand's interest rate decision, pushing the AUD/NZD cross lower after three consecutive days of gains. The pair traded around 1.2170 during Asian hours on Wednesday.

AUDNZD

The New Zealand Dollar (NZD) gained ground after the Reserve Bank of New Zealand (RBNZ) announced its latest interest rate decision. The move weighed on the AUD/NZD currency pair, which declined by nearly 0.25% in early Asian trading Wednesday.

The cross had previously risen for three consecutive sessions before the RBNZ decision. It was last seen trading near 1.2170, reflecting renewed NZD buying pressure against the Australian Dollar.

No further details on the specific rate decision or forward guidance were provided in the original report.

Source: FXStreet Forex News