The RBNZ can make the kiwi weak

The RBNZ can make the kiwi weak

The Reserve bank of New Zealand will make its statement and announce an official rate on August 7, at 5:00 MT time. After that, the RBNZ governor Adrian Orr will conduct a press conference at 6:00 MT.

Markets forecast the rate cut by 25 basis points from 1.5% to 1.25%. This move will be similar to May’s one, where the bank cut its interest rate by a similar amount of points. The reasons behind the anticipated decision are the ongoing trade tensions between the US and China and the slowdown of New Zealand’s economy. In addition, the comments by Mr. Orr will be in focus, as he will share his further expectations concerning rates.

• If the RBNZ cuts its rate, the New Zealand dollar will fall;

• If the RBNZ does not cut its rate, the New Zealand dollar will rise.

Check the economic calendar

shutterstock_1122971111 (1).png

                                                                                                TRADE NOW

                                                                                                              

Similar

Will the CPI Crash the USD?
Will the CPI Crash the USD?

 The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!

USD and GBP Traders Await Big Moves
USD and GBP Traders Await Big Moves

The first week of November promises to be eventful, as we have the Fed meeting, the BOE update, and the NFP release. Read more details here.

Latest news

Fed’s Rate Pause and UK Inflation Slows
Fed’s Rate Pause and UK Inflation Slows

Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.

Deposit with your local payment systems

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!

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