NZD Awaits RBNZ Statement

NZD Awaits RBNZ Statement

What will happen?

The Reserve Bank of New Zealand will make a policy statement on August 18 at 05:00 MetaTrader time (GMT+3). The bank will announce its decision on the interest rate and shed a light on its future monetary policy. Last time, the RBNZ held the cash rate at a record low of 0.25% and, more importantly, decided to end the emergency asset purchases by July 23. When the central bank raises rates or reduces asset purchases – it’s good for the currency. As a result, NZD/USD skyrocketed – look a the chart below! After that hawkish move, investors started expecting a rate hike in 2021 and the most optimistic ones – during this meeting in August. However, the rapid spread of the delta variant may ruin these plans. Therefore, the bank may increase rates in the next meetings: October 6 or November 24.

1.png

How to trade on the RBNZ Interest Rate Decision?

  • If the RBNZ hints at the rate hike sooner than expected, the NZD will strengthen.
  • On the other hand, negative forecasts and cautiousness around recovery will make the NZD weaker.

Check the economic calendar

Instruments to trade: NZD/USD, NZD/JPY, AUD/NZD

LOG IN

Similar

So Much News to Follow This Week
So Much News to Follow This Week

Hello, and welcome to the last week of August. We found the best news and collected the most impactful events for you to stay on the top of the market. Let’s go!

The Market Flies on News
The Market Flies on News

Be aware this day is filled with PMI releases, so the market may act quite unpredictably. Still, there’s something you should know:

Latest news

Bearish Signal For The USD
Bearish Signal For The USD

XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!

News for The Week
News for The Week

US stock markets started falling, while the US dollar is rising. What to expect from

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera