The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
All attention to NZD
Information is not investment advice
The RBNZ will make the monetary policy statement on August 12 at 5:00 MT time!
Instruments to trade: NZD/USD, NZD/CHF, NZD/JPY
This statement is really important to follow as it will define the future NZD movement. Let’s have a quick look at the background. The Reserve Bank of New Zealand set the cash rate at a record low of 0.25% on June 24. Also it imposed its large scale asset purchase (LSAP) program at 60 billion New Zealand dollars. Officials assured that they would use all the needed tools to support economy further in such unstable times. The recent data showed that the labor market started recovering: New Zealand’s unemployment rate rose less than analysts expected. It turned out 4.0%, while the forecast was 5.6%. It might be a signal for the government to ease its policy. Moreover, authorities may be interested in lower NZD as now it’s really expensive for other countries to buy goods in New Zealand.
- If the RBNZ eases its policy, the NZD will decrease.
- If the RBNZ leaves the monetary policy unchanged, the NZD will increase.
The Bank of Canada will publish a rate statement and an update on the interest rate on September 9, at 17:00 MT time.
The US dollar has started the week on the positive footing, while riskier assets are dipping down. Let’s discuss last market movements in more details.
Follow Canadian core retail sales on September 18 at 15:30 MT time!
The US dollar gained after the Fed’s report, while riskier assets dropped. Let’s have a closer look.
Keep an eye on the UK monetary policy statement on September 17 at 14:00 MT time!