Hi everyone,
I've been trying to understand why the New Zealand currency went down when the interest rate result was a 25 bpt rate hike up. Usually, what I have seen happen is when a country rises interest rates, the currency tends to go up in value.
Anyways, I am just trying to learn from my trading. I would appreciate any feedback on this.
I was trading the cross currency of the NZD/JPY...right before the release interest rate release.
-Thanks
p.s. I know that it had something to do with NZD's last rate hike.
I've been trying to understand why the New Zealand currency went down when the interest rate result was a 25 bpt rate hike up. Usually, what I have seen happen is when a country rises interest rates, the currency tends to go up in value.
Anyways, I am just trying to learn from my trading. I would appreciate any feedback on this.
I was trading the cross currency of the NZD/JPY...right before the release interest rate release.
-Thanks
p.s. I know that it had something to do with NZD's last rate hike.