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Nov 12 - 11:00 PM
NZD/USD - Surges Higher After RBNZ Surprises With No Change
First appeared on eFXplus on Nov 12 - 08:05 PM
  • RBNZ surprised the market by keeping rates on hold at 1.0%

  • Market and economists were looking for a 25 BP cut

  • Market was short into the decision and NZD/USD soaring higher

  • NZD/USD traded to 0.6422 from 0.6335 before decision

  • The break above 0.6375 could see a move towards 0.6466 trend high

Source:
Refinitiv IFR Research/Market Commentary

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