Kiwi and Aussie edge down after RBNZ holds

Kiwi and Aussie edge down after RBNZ holds

On Thursday, the New Zealand along with Australian dollars sank versus their US rival, after the Reserve Bank of New Zealand left interest rates intact, while traders were still digesting recent American political events.

The currency pair NZD/USD dipped 0.73%, hitting an 11-month minimum of 0.6841.

New Zealand’s major financial institution shocked financial markets by announcing it actually expects to tighten monetary policy in 2019. By the way, financial analysts had expected a shift in policy approximately in the first half of 2019.

Commenting on the bank’s verdict, RBNZ Governor Graeme Wheeler told that the recent dip in the New Zealand dollar turned to be encouraging, and if sustained, would assist in rebalancing the surge outlook.

The currency pair AUD/USD went down 0.14%, being worth 0.7355.

Meanwhile, market participants were still digesting Trump’s shocking decision to have FBI Director James Comey sacked.


The US NFP Update: What to Wait for?
The US NFP Update: What to Wait for?

The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on May 6, at 15:30 MT time.

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Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

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