FX Radio: RBNZ Surprises With Hike, Will the BOE Follow Suit?

Click Link to Listen to our Evening DailyFX Radio PodCast:

http://media.dailyfx.com/podcasts/FXRadioPM060607.mp3

Key Points

  • US data flow still thin, leave US dollar little to go on

  • ECB raises rates to 4.00% as expected, Trichet signals pause until late 2007

  • RBNZ unexpectedly hikes to record high of 8.00% on upside inflation risks, will surprise-prone BOE follow suit Thursday morning?