Canada will release the employment change and the unemployment rate on October 9, at 15:30 MT time.
Will the kiwi be supported by the central bank?
Information is not investment advice
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.
The Reserve Bank of Australia will post a rate statement, which contains an update on the interest rate on October 6, at 6:30 MT time.
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
Find out the reasons!
The market sentiment deteriorated because of the election uncertainty and worries about rising virus cases all over the world. Let's make some analysis!
The focus of traders’ attention shifted from Brexit and the US stimulus to the coronavirus . The WHO claimed that Europe become the new Covid-19 epicenter.