NZD/USD advances supported by China's rate cut

Source: Investing.com
The New Zealand Dollar jumped up against its US counterpart due to the currency's recovery from the Bank of China's surprising announcement of an interest rate cut. The Kiwi reached $0.6793 during Monday's early European session, which was the session high. Following that, the currency pair was up 0.30% changing hands at $0.6772. Compared to the Euro, the Kiwi was higher, with EUR/NZD reaching 1.6298.

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