Market updates on July 17
What is going on in the market today ?
Will the kiwi be supported by the central bank?
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.
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A chance for the Australian dollar
Australia will publish the employment change and unemployment rate on July 18, at 4:30 MT time.
Pay attention to the inflation release for Canada
Canada awaits the release of monthly CPI on July 17, at 15:30 MT time.
Latest news
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