The Federal Reserve will release its statement and announce its interest rate decision at 21:00 MT time. Then, at 21:30 MT time, the central bank will hold a press conference.
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 European Central Bank plans to post its monetary policy statement together with the interest rate on June 10, at 14:45 MT time.
The Bank of Canada releases a monetary policy statement with an update on the interest rate on June 9, at 17:00 MT time.
Bitcoin has broken above $41,000 for the first time since late May. Follow US Retail Sales at 15:30 MT time!
The United States will release retail sales and producer inflation (PPI index) numbers at 15:30 MT time on June 15.
Gold has plunged amid the stronger US dollar as investors await the Fed’s meeting this week.