The AUD/NZD pair fell vertically near 1.1430 during the Asian trading session on Wednesday. The pair is facing intense selling pressure as the Reserve Bank of New Zealand (RBNZ) cut the Official Interest Rate (OCR) by 25 basis points to 2.25%.
This is the third time in a row that the Reserve Bank of New Zealand has cut interest rates. The New Zealand central bank was expected to cut the OCR rate by a quarter to one percent as employment conditions and economic growth continue to deteriorate.
In the third quarter of the year, New Zealand’s unemployment rate rose to 5.3%, the highest level since the same quarter in 2020. GDP contracted by 0.9% in the second quarter.
On the other hand, the Australian Dollar (AUD) outperformed its peers, as the Australian Consumer Price Index (CPI) data for October came in higher than expected. Earlier today, the Australian Bureau of Statistics (ABS) reported that inflationary pressures rose to 3.8% year-on-year. Economists expect CPI data to come in higher at 3.6% than 3.5% in September.
Australian dollar price today
The table below shows the percentage change in the Australian Dollar (AUD) against the major currencies listed today. The Australian dollar was the strongest against the Japanese yen.
| US dollars | euro | GBP | JPY | Canadian | Australian dollar | New Zealand dollar | Swiss franc | |
|---|---|---|---|---|---|---|---|---|
| US dollars | -0.02% | -0.04% | 0.16% | -0.07% | -0.25% | -0.89% | 0.03% | |
| euro | 0.02% | -0.03% | 0.18% | -0.06% | -0.24% | -0.86% | 0.05% | |
| GBP | 0.04% | 0.03% | 0.21% | -0.03% | -0.21% | -0.84% | 0.07% | |
| JPY | -0.16% | -0.18% | -0.21% | -0.23% | -0.41% | -1.05% | -0.14% | |
| Canadian | 0.07% | 0.06% | 0.03% | 0.23% | -0.18% | -0.81% | 0.10% | |
| Australian dollar | 0.25% | 0.24% | 0.21% | 0.41% | 0.18% | -0.63% | 0.27% | |
| New Zealand dollar | 0.89% | 0.86% | 0.84% | 1.05% | 0.81% | 0.63% | 0.91% | |
| Swiss franc | -0.03% | -0.05% | -0.07% | 0.14% | -0.10% | -0.27% | -0.91% |
The heat map shows the percentage changes in major currencies versus each other. The base currency is chosen from the left column, while the counter currency is chosen from the top row. For example, if you select the Australian dollar from the left column and move along the horizontal line to the US dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).
A scenario of accelerating price pressures is likely to dampen expectations of any interest rate cut by the Reserve Bank of Australia (RBA) in the near term. Earlier this month, the Reserve Bank of Australia kept the OCR rate steady at 3.6%, citing upside inflation risks.
Economic indicator
Reserve Bank of New Zealand interest rate decision
the Reserve Bank of New Zealand The Reserve Bank of New Zealand (RBNZ) announces its interest rate decision after each of its seven scheduled annual policy meetings. If the RBNZ is hawkish and sees inflationary pressures rising, it raises the official cash rate (OCR) to lower inflation. This is positive for the New Zealand Dollar (NZD) as higher interest rates attract more capital inflows. Likewise, if you come to the view that inflation is too low, it will lower the OCR, which tends to weaken the New Zealand dollar.
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Latest version:
Wednesday 26 November 2025 at 01:00
repetition:
irregular
actual:
2.25%
consensus:
2.25%
former:
2.5%
source:
Reserve Bank of New Zealand
The Reserve Bank of New Zealand (RBNZ) holds monetary policy meetings seven times a year, to announce its decision on interest rates and the economic assessments that influenced its decision. The Central Bank provides clues about the economic outlook and future policy path, which are of great importance to the assessment of the New Zealand dollar. Positive economic developments and an optimistic outlook could lead the Reserve Bank of New Zealand to tighten its policy by raising interest rates, which tends to the upside for the New Zealand dollar. Policy announcements are usually followed by a news conference by interim Governor Christian Hawksby.
