NZD/USD trading lower after the as expected Reserve Bank of New Zealand rate hike

Author: Eamonn Sheridan | Category: Central Banks

The decision ws widely expected although there were some expecting a 0.5% hike. Nope.

Check out that post above, the cash rate is projected a lot higher by the Bank in the coming years ahead. 

NZD/USD response was a mark-down and its chopping around in a range down a few points now. 1 minute candles show the chop:
The decision ws widely expected although there were some expecting a 0.5% hike. Nope.





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