Tuesday, 23 May 2023

New Zealand Dollar Slides as RBNZ Hikes by 25 Basis Points, But Sees Peak in Rates

The New Zealand dollar tumbled after the Reserve Bank of New Zealand (RBNZ) raised its benchmark rate by 25 basis points, in line with expectations, but signalled it may be done with tightening.

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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...