NZD/USD Rally Stalls Near 0.5880

NZD/USD pair regains traction after RBNZ rate decision The NZD/USD pair rallied to the 0.5875-0.5880 resistance zone. This move followed the Reserve Bank of New Zealand's hawkish on-hold rate decision. The pair's rally stalled near 0.5880, ahead of the 200-

RBNZ Holds Rate Steady

RBNZ keeps OCR at 2.25% as committee splits on hike The RBNZ has held its official cash rate at 2.25%, as expected, with the committee voting 3-3 on a potential rate hike. The decision comes as Australia's April CPI slowed to 4.2%, below expectations of 4.4%.