NZD review

The Down Under dollars were just that as both the kiwi and Aussie tumbled more than 1 percent against the otherwise weaker greenback. Kiwi led the commodity duo downward after its central bank ended a meeting in dovish fashion and kicked open the door to a rate cut in the months ahead from 3.50 percent. 

Officials are keeping a wary eye on inflation which at 0.1 percent annually is running at the unhealthiest level in 15 years. The Aussie dollar largely fell in sympathy with the kiwi, though uncertainty over whether the Reserve Bank of Australia (RBA) would hold off on a rate cut from 2.25 percent on May 5 stiffened its headwind.