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After the RBNZ delivered a 50-basis-point rate hike, the New Zealand dollar surged against the US dollar and the Australian dollar

The Reserve Bank of New Zealand raises interest rates by 50 basis points, as expected. The New Zealand dollar has risen against the US dollar and the Australian dollar as a result of the hawkish hike. The RBNZ faces supply-side constraints that may necessitate additional jumbo hikes. The New Zealand Dollar gained some traction after the Reserve Bank of New… Read More »After the RBNZ delivered a 50-basis-point rate hike, the New Zealand dollar surged against the US dollar and the Australian dollar