New Zealand RBNZ Interest Rate Decision meets forecasts (3.5%)

FXStreet.com (Barcelona)

Jul 23, 2014

Session Recap: Dollar advances in a quiet day

Pretty quiet day in the currency market as investors performed a typical summer day while stocks reached record highs. In Forex, the USD advanced against its major competitors while it fell versus the Canadian Dollar.

RBNZ hikes rates, signals pause on tightening cycle

As widely expected by market participants, the RBNZ decided to increase interest rates by 25bp to 3.5%, completing the 4th consecutive months of hikes.