Australia February 4 RBA Interest Rate Decision remains at 2.5%

Feb 4, 2014

NZD/USD bulls fight their way to the resistance of 0.8100

NZD/USD started the day in blue, and touched the low at 0.8051, but the demand placed around that area helped the pair to restore ground and return to the key resistance of 0.8100, where the upside has stalled as the market awaits news from RBA.

RBA softens rhetoric, period of stability in rates

The RBA decided to keep rates unchanged at 2.25% record lows, while softening the rhetoric of recent meetings by saying "on present indications, the most prudent course is likely to be a period of stability in interest rates."