Three Currencies to Watch This Week
We prepared an outlook of major events of this week. Check it and be ready!
Aussie and Kiwi decrease vs. greenback in late trade
On Thursday, the Australian and New Zealand dollars dived against their American counterpart, pulling back from peaks, reached earlier when the Fed announced a highly-anticipated rate lift.
The currency pair AUD/USD dived 0.21%, trading at 0.7694, off Wednesday’s two-and-a-half week peak of 0.7722.
On Wednesday, at the end of its two-day policy gathering, the Fed lifted interest rates by 25 basis points to 1.00% from 0.75%, exactly as expected.
The US dollar dived broadly following the decision, as the major bank’s stance was considered to be less hawkish than expected, given projections of three rate lifts this year and not four as some analysts had hoped for.
The currency pair NZD/USD dived 0.55%, trading at 0.7008, having reached a more than one-week high of 0.7050 during last session.
Earlier on Thursday, Statistics New Zealand posted that the country’s GDP added 0.4% during the fourth quarter of last year, thus confounding expectations for a surge of 0.7%.
Similar
What awaits NZD in February?
The Reserve Bank of New Zealand will reveal the official cash rate, monetary policy statement, make a rate statement, and after that will answer questions in a press conference on February 23, 03:00 GMT+2.
New Zealand Cash Rate will define the fate of NZD!
Reserve Bank of New Zealand (RBNZ) will reveal Official Cash Rate and make a statement about monetary policy on October 6, 04:00 GMT+3.
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