{
  "id": 16843472,
  "title": "Australian Dollar sits near March 2013 highs vs New Zealand Dollar after Aussie CPI, RBNZ",
  "url": "https://urgent.news/2026/10/28/australian-dollar-sits-near-march-2013-highs-vs-new-zealand-dollar",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T02:25:37.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/australian-dollar-sits-near-march-2013-highs-vs-new-zealand-dollar-after-aussie-cpi-rbnz-202610280225"
  },
  "original_language": "en",
  "account": "On Wednesday, the AUD/NZD currency pair experienced aggressive buying pressure, reaching its highest level since March 2013 after strong Australian consumer inflation data and the Reserve Bank of New Zealand's (RBNZ) surprising decision to hold the official cash rate steady. The Australian Dollar (AUD) gained nearly 1.5% during the day, reaching a fresh high against the New Zealand Dollar (NZD) at 1.2600. However, the pair's gains were trimmed to around 1.2550, trading near its March 2013 highs.\n\nThe New Zealand central bank's decision to maintain the official cash rate at 2.75% following a 4-3 vote split exerted downward pressure on the NZD. The RBNZ's policy statement suggested that tighter monetary policy may be required in the future, but the statement did little to support the NZD or hinder the AUD/NZD rally.\n\nIn contrast, the Australian Dollar (AUD) strengthened significantly following hotter-than-expected domestic consumer inflation figures. The Reserve Bank of Australia (RBA) Governor, Michele Bullock, indicated that the central bank is less willing to overlook the energy-driven price surge, which bolstered expectations for an increase in interest rates in November. This further supported the AUD/NZD cross and favored bullish sentiment in the pair.",
  "summary": "The AUD/NZD cross catches aggressive bids during the Asian session on Wednesday, rallying to its highest level since March 2013 following the release of hot Australian consumer inflation figures and the Reserve Bank of New Zealand's (RBNZ) surprise on-hold rate decision.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "MacroBusiness",
        "title": "Shorts stampede Australian dollar",
        "url": "https://urgent.news/2026/10/27/shorts-stampede-australian-dollar",
        "published": "2026-10-27T22:30:27.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}