The New Zealand’s dollar fell to one-month low in early Wednesday’s trading, after the RBNZ surprised markets by 0.5% rate hike, the biggest rate hike in more than twenty years (most of analysts expected a quarter percent increase). The central bank tempered its strong hawkish stance by keeping its projection for the cash rate to […]
The post NZD/USD: Kiwi Drops after RBNZ Tempered its Unexpected 0.5% Rate Hike appeared first on Action Forex.