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

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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?