EUR: beating the USD so far
Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
The kiwi may be affected by the RBNZ
The Reserve bank of New Zealand will release its official rate statement at 5:00 MT time on September 25. The market anticipates that the RBNZ is going to keep its interest rate on hold. At the same time, traders will pay particular attention to the outlines of the statement. They will be looking for possible hints on the future rate cuts, as a part of the regulator’s easing policy. After the Reserve bank of New Zealand cut its interest rate by 50 basis points during the previous meeting, it would be interesting to analyze its next decisions.
• If the RBNZ is hawkish, the NZD will rise;
• If the RBNZ is dovish, the NZD will fall.
Similar
EUR supported by the European Commission
The EUR made a significant rise on the news of the stimulus expansion. Will it last long?
NZD/USD: testing tactical support
The Reserve Bank of New Zealand made announcements regarding its monetary policy. The NZD/USD dropped.
Latest news
Trade ideas on May 29
Let’s look at main movements on the market.
EUR: beating the USD so far
Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
All attention to AUD: cash rate and RBA statement
The Reserve Bank of Australia will make a statement and release the cash rate on Tuesday, June 2, at 8:30 MT time.
Deposit with your local payment systems
