Almost $1700 in 5 minutes!

Late night, December 10th, a Reserve Bank of New Zealand interest rate decision was released. Despite the fact that the decision was what had been expected and the rate remained at 3.5%, the market's reaction was stormy, which was also facilitated by the rate statement of the central bank.

The NZD/USD currency pair gained 113 pips in 5 minutes, which allowed to make up to $1695, with trading 1 lot!

RBNZ Interest Rate Decision

tg45hjn6

Comments are closed.