The main bank of Russian will likely turn hawkish today. Time to sell USD/RUB?
Will the RBNZ push the kiwi higher?
The Reserve bank of New Zealand will publish its rate statement and make the interest rate’s announcement on June 26, at 5:00 MT time.
After the expected rate cut from 1.75% to 1.5% during the previous meeting, we do not anticipate any changes to the interest rate this time. However, the RBNZ governor Adrian Orr may provide the bank’s opinion on the future path of its monetary policy. Let’s see if policymakers support the New Zealand currency this time.
• If the RBNZ is hawkish, the NZD will rise;
• If the RBNZ is dovish, the NZD will fall.
The New Zealand interest rate is announced on Wednesday at 03:00 MT time.
The Reserve Bank of New Zealand made announcements regarding its monetary policy. The NZD/USD dropped.
The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!
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Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!