Welcome to Tuesday!
|The Reserve Bank of New Zealand left interest rates unchanged at its August meeting. According to the RBNZ Governor Graeme Wheeler, monetary policy will remain accommodative for a considerable period because of numerous uncertainties. Wheeler also let the market know that the central bank would like to see a lower NZD. In addition, New Zealand’s government has recently cut its economic growth forecasts.|
|If the RBNZ sticks to its dovish rhetoric, the NZD will be under negative pressure. Any improvement in the central bank’s communication because of the new data will give a boost to the New Zealand’s currency.|
|The results of the RBNZ meeting will be announced at 23:00 MT time on September 26. It will be a good time to trade NZD.|
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…