New Zealand interest rate hike

Kiwi Jumps Over 1% After New Zealand Official Cash Rate Hike

June 12, 2014

The New Zealand dollar advanced 1.4% net against its U.S. counterpart and got as strong as USD 0.8690 following the Reserve Bank of New Zealand’s scheduled monetary policy meeting.  While a third 25-basis point tightening since March had been anticipated, investors reacted most to the accompanying guidance that points to greater-than-assumed further tightening in the […] More