AUD/NZD Drops to Weekly Low Following RBA Rate Cut
The AUD/NZD cross is experiencing selling pressure, reacting to the Reserve Bank of Australia’s (RBA) decision to cut rates. It has dropped to its lowest in over a week, trading around the 1.0860-1.0855 mark in the last hour. This development underscores the immediate impact of monetary policy on cross currency movements. Investors should remain attentive as they assess how this might inform their trading strategies going forward.