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The Reserve bank of New Zealand will publish its monetary policy statement and announce an official rate on May 8, at 5:00 MT time. After that, at 6:00 MT time the RBNZ governor will hold a press conference. Despite the rumors about the possible rate cut, the interest rate is expected to remain at the same level of 1.75% this time. However, the tone of the statement may affect the New Zealand dollar. If the RBNZ governor Adrian Orr provides more supportive comments on the future path of the central bank’s monetary policy, the kiwi may rise.
• If the RBNZ is hawkish, the NZD will go up;
• If the RBNZ is dovish, the NZD will go down.
Today, the election in Canada will determine whether the Liberal Party Prime Minister Justin Trudeau or the Conservative Party leader Andrew Scheer will lead the government…
The reports that the UK and the EU reached a deal pushed the GBP up immediately.
Australia will publish the level of employment change and the unemployment rate at 3:30 MT on October 17.
Today, the election in Canada will determine whether the Liberal Party Prime Minister Justin Trudeau or the Conservative Party leader Andrew Scheer will lead the government…
The week will bring us fresh updates on Brexit and the last ECB meeting with outgoing president Mario Draghi.
De-escalation between the US and Turkey and News for the GBP are on the agenda
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