Jun 12, 2015
AUD/NZD holds onto gains after RBNZ-propelled rally
The AUD/NZD has soared up to 1.1078, a fresh 7-month high during the past Asian session, as following the surprise rate cut from the RBNZ late Wednesday, Australian employment data at the beginning of Thursday fueled the rally. The pair added over 350 pips in a few hours, spending the rest of the day consolidating above the 1.1000 figure.
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