NZD/USD marked lower after the RBNZ leaves rates unchanged, as expected

<p>The Reserve Bank of New Zealand statement and minutes highlights:</p><ul><li><a href="https://www.forexlive.com/centralbank/rbnz-leaves-its-cash-rate-target-unchanged-at-550-as-expected-20231004/" target="_blank" rel="follow" data-article-link="true">RBNZ leaves its cash rate target unchanged at 5.50%, as expected</a></li></ul><p>While the RBNZ said rates to will restrictive, it gave little to hints at future rate hikes. A more hawkish tone was expected. </p><p>NZD/USD has dipped to a three week low after the announcement, continuing its move lower after peaking circa 0.640 last week:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.