Will the US economy help the greenback?
The United States will release the advance GDP growth rate for the previous quarter on July 30, at 15:30 MT time.
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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USD is waiting for the jobless claims!
The US unemployment claims are announced on Thursday at 15:30 MT time.
Will the Australian Monetary Policy Meeting minutes support the AUD?
The Australian Monetary Policy Meeting Minutes are announced on Tuesday at 04:30 MT time.
Latest news
What drives the market on August 10?
The market has started the week with a mixed sentiment…
Big day for USD
The US NFP will be published on August 7 at 15:30 MT time.
Main market movements on August 6
The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.
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