Forex Notes

AUD And NZD Have Fallen Off After The News From China

Australian and New Zealand dollars have fallen against the bucks after an unexpected message that the Bank of China tightened banks' reserve requirements by 50 basis points, from 16,0% to 16,5%. The new regulation comes into force on 25 February. This is the second month increase in the required norm, reflecting an active struggle with the Bank of inflationary pressures.

Aoussa lost more news on this figure, from crashing through a daytime maximum of 0.8913 to 0.8880/65 area of support for a minimum of 0.8788. Currently, the price rebounded timidly above 0.88 marks.

Kiwi showed a similar decline, aggressively developed its rollback from yesterday's maximum of 0.7025. Price swallowed 0.6955/65 area of support and said at least 0.6905.