Tuesday, 4 October 2022

New Zealand Dollar Surges Against US Dollar, Australian Dollar After RBNZ Delivers 50-Basis Point Rate Hike

The New Zealand Dollar rose in immediate reaction to the Reserve Bank of New Zealand hiking its official cash rate (OCR) by 50-basis points, as expected.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...