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

Latest news

German exporters don’t care about stronger euro

German exporters demonstrate ascending optimism as for their business prospects because growing demand from other euro zone countries helps to compensate worries regarding the strengthening currency, as the Ifo economic institute told on Wednesday…

Japan's October machinery orders tack on

In October, Japanese machinery orders rebounded with a faster soar than anticipated, thus re-affirming the resilience of capital spending, which is a major driver in the Japanese economy's almost two-year expansion…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

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

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