{"id":370964,"date":"2025-02-19T07:13:58","date_gmt":"2025-02-19T01:43:58","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=370964"},"modified":"2025-02-19T07:13:58","modified_gmt":"2025-02-19T01:43:58","slug":"nzd-usd-slides-further-below-0-5700-in-reaction-to-rbnzs-supersized-rate-cut-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/nzd-usd-slides-further-below-0-5700-in-reaction-to-rbnzs-supersized-rate-cut-crypto-news\/","title":{"rendered":"NZD\/USD slides further below 0.5700 in reaction to RBNZ\u2019s supersized rate cut &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>NZD\/USD drifts lower for the second straight day after the RBNZ\u2019s expected 50 bps rate cut.\u00a0<\/strong><\/li>\n<li><strong>Concerns about Trump\u2019s reciprocal tariffs and trade war fears further weigh on the Kiwi.\u00a0<\/strong><\/li>\n<li><strong>Subdued USD price action could lend support to the pair amid a generally positive risk tone.<\/strong><\/li>\n<\/ul>\n<p><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/nzdusd\" data-fxs-autoanchor=\"\">The NZD\/USD pair<\/a> attracts some sellers for the second straight day and drops to a three-day low, around the 0.5680-0.5675 area after the Reserve Bank of New Zealand (RBNZ) announced its policy decision this Wednesday.<\/p>\n<p>As was widely expected, the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/rbnz-set-for-another-50-bps-interest-rate-cut-as-economic-slowdown-deepens-202502182015\" data-fxs-autoanchor=\"\">RBNZ<\/a> lowered the Official Cash Rate (OCR) by 50 basis points (bps) from 4.25% to 3.75% following the conclusion of the February policy meeting. Moreover, the accompanying monetary policy meeting minutes indicated that the committee has scope to lower the OCR further through 2025. This, in turn, exerts some downward pressure on the New Zealand Dollar (NZD) and drags the NZD\/USD pair away from a nearly two-month top touched earlier this week.\u00a0<\/p>\n<p>The <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/us-dollar-index\" data-fxs-autoanchor=\"\">US Dollar<\/a> (USD), on the other hand, struggles to capitalize on the previous day&#8217;s positive move amid expectations that the Federal Reserve (Fed) would cut interest <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/rates\" data-fxs-autoanchor=\"\">rates<\/a> further this year. Apart from this, a generally positive tone around the equity markets caps the safe-haven Greenback and could offer some support to the risk-sensitive Kiwi. That said, worries about US President Donald Trump&#8217;s reciprocal tariffs might hold back bulls from placing fresh bets around the NZD\/USD pair.<\/p>\n<div class=\"module_calendar_event_cke post-module\">\n<div class=\"fxs-event-module-wrapper\" data-config-event-id=\"af0112f8-5b85-4b01-84cc-bd4b13f1e9d0\" data-config-mode=\"Historical\" data-config-topic=\"33702646-b82b-4807-ad40-a38521800d12\" data-content-module-translate=\"0\" data-module=\"event\" data-type=\"event\" data-version=\"v1\" id=\"content-module-event-33702646-b82b-4807-ad40-a38521800d12-373\">\n<h2 class=\"fxs-event-module-title\">Economic Indicator<\/h2>\n<div class=\"fxs-event-module-inner-calendar\">\n<div class=\"fxs-event-module-calendar-title-description-wrapper\">\n<h3 class=\"fxs-event-module-calendar-title\">RBNZ Interest Rate Decision<\/h3>\n<p class=\"fxs-event-module-content\">The <a rel=\"nofollow\" target=\"_blank\" href=\"http:\/\/www.rbnz.govt.nz\/\">Reserve Bank of New Zealand<\/a> (RBNZ) announces its interest rate decision after its seven scheduled annual policy meetings. If the RBNZ is hawkish and sees inflationary pressures rising, it raises the Official Cash Rate (OCR) to bring inflation down. This is positive for the New Zealand Dollar (NZD) since higher interest rates attract more capital inflows. Likewise, if it reaches the view that inflation is too low it lowers the OCR, which tends to weaken NZD.<\/p>\n<p><a rel=\"nofollow\" target=\"_blank\" class=\"fxs-event-module-read-more\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/event\/af0112f8-5b85-4b01-84cc-bd4b13f1e9d0\" title=\"read more\">    <span>Read more.<\/span> <\/a><\/div>\n<div class=\"fxs-event-module-release\">\n<p><strong>Last release:<\/strong> <span>Wed Feb 19, 2025 01:00 <\/span><\/p>\n<p><strong>Frequency:<\/strong> <span>Irregular<\/span><\/p>\n<p><strong>Actual:<\/strong> <span>3.75%<\/span><\/p>\n<p><strong>Consensus:<\/strong> <span>3.75%<\/span><\/p>\n<p><strong>Previous:<\/strong> <span>4.25%<\/span><\/p>\n<p><strong>Source:<\/strong> <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.rbnz.govt.nz\/\"> <span>Reserve Bank of New Zealand<\/span>    <\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NZD\/USD drifts lower for the second straight day after the RBNZ\u2019s expected 50 bps rate cut.\u00a0 Concerns about Trump\u2019s reciprocal tariffs and trade war fears further weigh on the Kiwi.\u00a0 Subdued USD price action could lend support to the pair amid a generally positive risk tone. The NZD\/USD pair attracts some sellers for the second [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":361641,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,276,366,255,684,250,715,252,247,253,714,249,256,254],"class_list":["post-370964","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-currencies","tag-fed","tag-gta","tag-interestrate","tag-looks-rare","tag-nzdusd","tag-oracle","tag-polygon","tag-quickswap","tag-rbnz","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/370964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=370964"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/370964\/revisions"}],"predecessor-version":[{"id":370968,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/370964\/revisions\/370968"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/361641"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=370964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=370964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=370964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}