NZD will be driven by RBNZ
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.
NZ Retail Sales
| Statistics New Zealand will announce the country’s retail sales data at 11:45 MT time on February 23. Despite the fact that the data is delivered later than the same figures from other countries, it creates hefty market impacts. |
| If actual reading is greater than the forecast one, the NZD will appreciate against other currencies. |
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Rise of NZD, dovish Fed, and stocks indices' sell-off
Stock indices S&P 500 and Nasdaq are falling for seven days in a row. The New Zealand dollar skyrocketed to almost two-years highs. Fed’s Powell held a meeting yesterday and said that the central bank wouldn’t tight its easing policy anytime soon.
RBNZ to push the NZD?
On Wednesday, February 24, at 03:00 MT time, RBNZ will provide the Rate Statement and Press Conference.
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