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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
American mortgage applications tacked on for the first time for five weeks because most home borrowing costs kept to their lowest value for 10 months…
The releases of employment change and the unemployment rate for Australia are expected on February 21, at 2:30 MT time.
The release of the Federal open market committee (FOMC) meeting minutes is scheduled on February 20, at 21.00 MT time.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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