Extending its previous session's upward trading, the Australian dollar traded further higher against the New Zealand dollar during New York mid-day deals on Tuesday. At 11:30 am ET, the Aussie climbed to a 5-day high of 1.2942 versus the kiwi, compared to yesterday's close of 1.2894. Currently, the pair is worth 1.2936.
In today's early Asian session, the Reserve Bank of Australia decided to retain its benchmark cash rate unchanged at 3.5 percent for a second consecutive rate-setting meeting on Tuesday.
The decision was in line with economists' forecast. The central bank has reduced rates in May and June this year.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.