AUD/NZD Approaches Multi-Month High at 1.1130 Following RBA Rate Cut
AUD/NZD has shown a strong rebound from over a one-week low and now trades around the 1.1130 area. This upward movement follows the RBA’s recent policy decision to cut rates by 25 basis points. A gain of nearly 0.50% for the day indicates positive market response, bringing it closer to multi-month peaks reached last week. As traders monitor this pair, understanding how central bank policies influence cross rates will be crucial for identifying trading opportunities. Staying aware of market sentiment can better inform investment strategies.