The New Zealand dollar plummeted further against the Australian dollar after the release of Reserve Bank of New Zealand's interest rate decision in early Asian deals on Thursday. Currently, the kiwi is trading near 1.3048 versus the Aussie from early multi-day high of 1.2934.
The Reserve Bank of New Zealand Thursday left the nation's benchmark interest rate unchanged, and gave an upbeat forecast on the country's economy. The RBNZ said the Official Cash Rate (OCR) would remain at 2.50 percent.
The kiwi also traded lower against other major currencies and dropped to 0.7013 against the US dollar, 63.50 versus the yen and 1.9493 against the euro by about 4:25 pm ET.
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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.