RBNZ to push the NZD?

RBNZ to push the NZD?

What will happen?

On Wednesday, February 24, at 03:00 MT time, RBNZ will provide the Rate Statement and Press Conference. As the interest rate is the primary impact factor for any currency, this release may bring a change to or support the current value of the NZD.

How to trade it?

After the rate was reduced to the historical 0.25% at the beginning of 2020, the RBNZ was faithfully committed to keeping it at those lows as long as the economy of New Zealand is going through the recovery process. The consumer price inflation target is not and is not expected to be met yet. In the meantime, while the economic stimulus is applied, the vaccines are being spread among the population. You will be looking for the messages regarding the outlook of these dynamics in the RBNZ statement. If there are brighter spots in what the Bank officials deliver, the New Zealand dollar may be boosted. 

  • Optimistic tones push the NZD;
  • Pessimistic notes drag the NZD down.

Check the economic calendar

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

NZD2.jpg

                                                                                                      LOG IN

Similar

No More US Debts in Sight
No More US Debts in Sight

The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.

Gold Rises as Central Banks Buy More
Gold Rises as Central Banks Buy More

About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.

US Evades Default This Time
US Evades Default This Time

Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!

Latest news

Bank of Canada Surprises Markets
Bank of Canada Surprises Markets

The CAD is dominating the markets after the key rate increase! Read the full report to learn more about trading opportunities with the Canadian Dollar!

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera