The New Zealand interest rate is announced on Wednesday at 03:00 MT time.
The ECB and the euro: surrounded by skeptics
The European Central Bank will publish its monetary policy statement and announce the main refinancing rate on January 23 at 14:45 MT time. Shortly after that, there is the press conference with the ECB president Christine Lagarde at 15:30 MT time.
While we don’t expect the changes to the current interest rate (0%), the statement itself may provide some reasonable opportunities for traders. Experts have already noted that the policymakers of the bank are less experienced now and less dovish than the team managed by Mario Draghi. This fact brings uncertainty to investors and makes the press conference with the new ECB president intriguing for the market as well.
• If the ECB is optimistic, the EUR will rise;
• If the ECB is pessimistic, the EUR will fall.
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.