The New Zealand interest rate is announced on Wednesday at 03:00 MT time.
Is there a chance for the NZD?
New Zealand is going to release the level of quarterly retail sales on August 23, at 1:45 MT time.
The indicator of retail sales shows the change in the total value of sales at the retail level. Traders pay attention to it as it is one of the primary measures of consumer spending. During the previous release, the indicator advanced by 0.7%. The figures came out higher than the expectations of 0.6%. Despite that, the NZD weakened.
• If the level of retail sales is greater than expected, the NZD will go up;
• If the level of retail sales is weaker than expected, the NZD will go down.
PMI reports from the EU, the UK, and the USA will be released during the day!
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
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