Reserve Bank of New Zealand’s (RBNZ) new Governor Anna Breman presents the prepared remarks on the policy statement and responds to media questions at the press conference after the February monetary policy announcement.
The AUD/NZD cross rises to near 1.1760 during the Asian trading hours on Wednesday. The New Zealand Dollar (NZD) edges lower against the Australian Dollar (AUD) after the Reserve Bank of New Zealand (RBNZ) interest rate decision.
The AUD/USD pair meets with a fresh supply during the Asian session on Wednesday and stalls the previous day's bounce from the 0.7030-0.7025 region, or an over one-week low.
The EUR/USD pair struggles to capitalize on the previous day's goodish rebound from the 1.1800 neighborhood, or a one-and-a-half-week low, and consolidates in a narrow band during the Asian session on Wednesday. Spot prices currently trade just below mid-1.1800s, nearly unchanged for the day.
The USD/CAD pair gains ground to around 1.3645 during the Asian trading hours on Wednesday. The Canadian Dollar (CAD) weakens against the US Dollar (USD) on a softer inflation report and lower crude oil prices.