Daily Forex Signal: NZD/USD Rises Ahead of Major Drop
June 9, 2010 at 20:16 UTC || By Forex Playmaker
The New Zealand dollar is moving higher in Asia trading today, following a 0.25% rate hike out of the RBNZ. While the rate hike was anticipated coming into the session, the price action that followed suggests that some traders were taken off guard. The NZD/USD bounced as much as 100 pips following the hike, but has since backed off its session highs. Last priced at 0.6726, the pair...
