NZD will be driven by RBNZ

NZD will be driven by RBNZ

What will happen?

The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT. The central bank will announce its policy decision. Last time, it held its official cash rate at a record low of 0.25% during its February meeting and left the asset purchases unchanged. However, some were expecting the RBNZ to shift to a more hawkish stance – raise rates or decrease asset purchases. Who knows, maybe it will be the case this time.

How to trade on RBNZ’s statement?

  • If the RBNZ is hawkish, the NZD will rise.
  • If the RBNZ leaves everything unchanged and its tone is optimistic, the NZD may gain.
  • If the RBNZ gives negative economic projections, the NZD may drop.

Check the economic calendar

Instruments to trade: NZD/USD; NZD/CAD; NZD/JPY: AUD/NZD

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