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The NZD/USD pair attracts heavy selling after the Reserve Bank of New Zealand (RBNZ) announced its policy decision and dives to over a one-week low in the last hour.
Bank of Japan Executive Director Seiichi Shimizu made some comments on the central bank’s inflation target, in his speech following the Japanese Consumer Price Index (CPI) released on Tuesday.
Economists at HSBC see modest downside risks for the Euro (EUR) and the Pound Sterling (GBP).
The Euro has continued to strengthen modestly against the US Dollar at the start of this week.
The Reserve Bank of New Zealand (RBNZ) holds its first regular meeting of the year on Wednesday.