The Reserve Bank of New Zealand raised rates as expected by 0.50% to a rate of 4.75%
. The Bank is sticking to its hawkish tone, saying “all options are on the table” and that a smaller hike wasn’t even seriously considered. Despite this, In the Forex market, the US Dollar remains firm, climbing a little higher, as US treasury yields continue to rise. The 2-year treasury yield is close to its long-term high level closed at a record high yesterday but has declined during the Asian session.
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