The USD may be triggered by the Fed
The Federal Open Market Committee will make its statement and announce the interest rate on July 29, at 21:00 MT time.
RBNZ Meeting
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9. One hour later, it will conduct a press conference where the Central Bank will answer questions that worry the market the most.
The market doesn’t anticipate any changes in the interest rate this time. However, it needs clues on the future monetary policy. There are risks that if the economic conditions worsen, the Central Bank will cut the interest rate.
The New Zealand dollar has lost a lot since April 2018. It needs the Central Bank’s support to not plunge further.
• If the Central Bank is hawkish, the NZD will appreciate.
• If the Central Bank is dovish, the NZD will depreciate.
Check the economic calendar
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The RBA: keeping the AUD alive?
The Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.
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.
Latest news
Big day for USD
The US NFP will be published on August 7 at 15:30 MT time.
Main market movements on August 6
The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.
GBP is in focus
Follow the BOE monetary policy and rate statements on August 6 at 14:00 MT time…
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