RBNZ raised rates .25 % to 8.25 % as expected. The NZD strengthened initially, but then fell sharply as language suggested that this increase should contain inflation, reducing the chance for further increases in the near future.



RANGES



3:00 pm-11:00pm EST



Low

High

EUR/USD

1.3705

1.3727

GBP/USD

2.0496

2.0542

USD/JPY

120.37

120.73

USD/CHF

1.2126

1.2148