The Federal Open Market Committee (the department of the Federal Reserve) will publish the meeting minutes on October 7 at 21:00 MT time.
NZD: another surprise from the RBNZ
The Reserve Bank of New Zealand announced the interest on 12 February at 15:00 New Zealand time. As expected, it was held at 1%. Governor Orr informed that the employment is at if not slightly above its sustainable level, economic growth is expected to accelerate due to monetary policy measures, and household spending growth is increasing. In the meantime, the Coronavirus is believed to bring a short-term effect on New Zealand.
As you can see, the report is pretty upbeat. As a result, NZD leapt by approximately 50 pips!
The Reserve Bank of Australia will post a rate statement, which contains an update on the interest rate on October 6, at 6:30 MT time.
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
The uncertainty over US fiscal stimulus and Brexit, and also rising new virus cases deteriorated the market mood. That’s why we can expect the further rally of the US dollar and the fall of riskier assets today.
The market sentiment is mixed, but there are still interesting movements on the market.