NZD in focus of traders’ attention

NZD in focus of traders’ attention

The Reserve Bank of New Zealand will make the monetary policy statement on June 24 at 5:00 MT time.

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

The monetary policy statement is the primary tool the RBNZ uses to communicate with investors. Authorities unveil their decision on interest rates and set guidelines for the economic development. In the middle of March, the RBNZ cut its interest rate to the record low of 0.25%. This time analysts highly expect that rates won’t be changed. It will be more important to know what economic outlook the RBNZ will give and what measures it will take to support the economic recovery.

  • If the RBNZ eases its policy, the NZD will weaken;
  • If the RBNZ keeps the policy unchanged, the NZD will strengthen.

Check the economic calendar

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