AUD/NZD slides back closer to 1.0800 after RBNZ's widely expected 25 bps rate cut

  • The AUD/NZD cross attracts some dip-buying near the 1.0815 area during the Asian session on Wednesday, though it lacks follow-through. The intraday move-up ran out of steam after the Reserve Bank of New Zealand (RBNZ) announced its policy decision, with spot prices dropping back closer to the daily low in the last hour.