XE Market Analysis: Europe - Jun 12, 2014
By: XE Market AnalysisThe NZD surged on the RBNZ rate hike and guidance, as the central bank signalled further tightening to come, albeit projecting a slightly more gradual run of increases than expected in March. Today's 25 bp hike, the third so far this year, takes the official cash rate to 3.25% and left its forecast of the 90-day bill rate unchanged, which suggests two more quarter-point hikes are in the pipeline. Read more