The Reserve Bank of New Zealand left the interest rate unchanged at 3.50% but certainly surprised with optimism about economic growth and with leaving the hiking bias. NZD/USD jumped up and certainly held onto high ground. While the next policy moves depend on data, the RBNZ does see an interest rate rise at a later stage. This is because domestic demand has retained momentum. And the numbers: GDP growth for 2014 was revised up from 3.1% to 3.2% and growth is expected to pick up to 3.5% in 2015. Also the outlooks for 2016 and 2017 now see a growth rate of over 3%. Given the recent global gloom, the fear of deflation in some areas and the fall in oil prices (which is viewed as a positive by the Bank), some had expected that the RBNZ would remove its hiking bias and either remain neutral or even tend to cut the rates later this year. On the other hand, the demand for workers in New Zealand and the demand for dairy products, despite a drop in prices, remains high. The same goes for house prices in Auckland, that is a source of concern for Wheeler and co. The RBNZ left its expectations regarding NZD unchanged: it sees more falls. But this isn’t new and the currency certainly took a different direction. NZD/USD jumped above resistance at 0.7765 and continued above 0.78. The chart shows a clear break to the upside: For more, see the NZDUSD prediction Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Is USD/JPY screaming More Aggressive Turnaround? – Deutsche Bank Yohay Elam 8 years The Reserve Bank of New Zealand left the interest rate unchanged at 3.50% but certainly surprised with optimism about economic growth and with leaving the hiking bias. NZD/USD jumped up and certainly held onto high ground. While the next policy moves depend on data, the RBNZ does see an interest rate rise at a later stage. This is because domestic demand has retained momentum. And the numbers: GDP growth for 2014 was revised up from 3.1% to 3.2% and growth is expected to pick up to 3.5% in 2015. Also the outlooks for 2016 and 2017 now see a growth… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.