NZD Jumps on RBNZ Hawkish Hike but Struggles to Hold Gains
The New Zealand dollar rose 0.75% in immediate reaction to (expected) action of the RBNZ to raise interest rates by 25 basis points to 2.5%, earlier today. This was the first rate hike in almost three years, with comments from the policymakers pointing to pote
The New Zealand dollar rose 0.75% in immediate reaction to (expected) action of the RBNZ to raise interest rates by 25 basis points to 2.5%, earlier today. This was the first rate hike in almost three years, with comments from the policymakers pointing to potential further tightening (although without timing for the future action), as […] The post NZD Jumps on RBNZ Hawkish Hike but Struggles to Hold Gains appeared first on ActionForex.