NZD/USD flows: Last Cut from RBNZ Delivered

The RBNZ has cut its cash rate by 25bp as per forecast. It seems to be the final cut as the OCR forecast for March remain at 2.25% before edging higher in late 2026.

Market participants seize the opportunity to bid the Kiwi and send NZD/USD 1.24% higher at 0.5689.