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