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3 Mar 2015
AUD/NZD retreats from 1.0400
FXStreet (Córdoba) - The AUD/NZD retreated during the European and the American session erasing most of the gains that followed the Reserve Bank of Australia decision to leave rates unchanged.
After the RBA kept the cash rate at 2.25% the aussie jumped in the market and pushed AUD/NZD from 1.0330 to 1.0400, reaching the strongtes level since last Thursday. The pair pulled back initially to 1.0370 but on European horus broke below and extended the retreat to 1.0345.
Currently trades at 1.0350/55, up 0.15% for the day, headed toward the second daily gain in a row but still near record lows and more than a hundred pips below the level it had a week ago.
After the RBA kept the cash rate at 2.25% the aussie jumped in the market and pushed AUD/NZD from 1.0330 to 1.0400, reaching the strongtes level since last Thursday. The pair pulled back initially to 1.0370 but on European horus broke below and extended the retreat to 1.0345.
Currently trades at 1.0350/55, up 0.15% for the day, headed toward the second daily gain in a row but still near record lows and more than a hundred pips below the level it had a week ago.