Imported headline
NZD/USD Recovers After RBNZ, but Higher Bar for Next Hike Caps Rally
Source
Action Forex - https://www.actionforex.com/action-insight/market-overview/646506-nzd-usd-recovers-after-rbnz-but-higher-bar-for-next-hike-caps-rally/
Summary
The New Zealand dollar received the boost that normally accompanies a rate hike, but the rally quickly lost momentum. The Reserve Bank of New Zealand delivered a widely anticipated 25 basis point increase in the Official Cash Rate to 2.50%, yet investors stopped short of pricing a more aggressive tightening cycle.
Low Impact
NZDUSD
NZD-USD