NZD has jumped after the RBNZ rate hike and indication that further rate risers are ahead

New Zealand's Monetary Policy Committee raised the Official Cash Rate by 25 basis points to 2.50% on Wednesday, judging it was time to start withdrawing stimulus even as effects from this year's oil shock continue working through the economy. First rate hike in three years. The kiwi $ was marked higher (see chart attached). The move followed the partial reo…

You are being sent to the original publisher. FX Radar keeps this reference for market context and source discovery.