The New Zealand dollar received the boost that normally accompanies a rate hike, but the rally quickly lost momentum. The Reserve Bank of New Zealand delivered a widely anticipated 25 basis point increase in the Official Cash Rate to 2.50%, yet investors stopped short of pricing a more aggressive tightening cycle. Instead, the market came […]The post NZD/USD Recovers After RBNZ, but Higher Bar for Next Hike Caps Rally appeared first on ActionForex.