Australia RBA Interest Rate Decision meets forecasts (2.5%) in August 5

FXStreet.com (Barcelona)

Aug 5, 2014

NZD/USD happy to settle above 0.8500, what now?

NZD/USD is sitting in a tight range around 0.8516, off the Monday highs at 0.8528

RBA leaves rates unchanged, retains neutral tone

As widely expected by the market, the RBA left its interest rate at 2.5%, while keeping a firm neutral language on its statement, noting that the most prudent course is likely to be a period of stability in rates.