The European Central Bank will publish the last statement of the year on December 10, at 14:45 MT time.
The Reserve bank of New Zealand provides an opportunity to trade the NZD
The monetary policy statement by the Reserve bank of New Zealand is scheduled for February 13 at 03:00 MT time.
The RBNZ will not make changes to the interest rate this time and keep it at 1.75%. But the central bank may provide some comments on the possible changes to its monetary policy in the future. During the last meeting, the RBNZ governor Adrian Orr noted the central bank expects to keep the rate at the current level until 2020 and provided hints on the possible rate cut. If the statement is more hawkish this time, the NZD will be supported.
• If the RBNZ is hawkish, the NZD will rise;
• If the RBNZ is dovish, the NZD will fall.
The Bank of Canada (BOC) will release the rate statement with an update on the interest rate on December 9, at 17:00 MT time.
What does the market look like as the US wakes up for the Wednesday morning?
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.