Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
Will the RBNZ push the kiwi higher?
Information is not investment advice
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.
Riskier currencies and stocks are in favor of investors. Surprisingly, gold rallies too. Let’s have a closer look.
Congratulations! Gold has just opened a new era... or, rather, reopened...
Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.