At 00:00 o'clock, we expect the Reserve Bank of New Zealand's decision on the basic interest rate. Like the Reserve Bank of Australia, RBNZ expects to maintain its current monetary policy as well as the record low interest rates for the country of 1.75%. Excluding fashion for diligence and tightening monetary policy globally, RBNZ will most likely highlight its fears of trade disputes between the US and China. The economies of both New Zealand and Australia are net exporters to China, making them extremely dependent on the development of the Chinese economy. While the US and China are not shaking hands, RBNZ is unlikely to take action to tighten its monetary policy. This implies a weak NZD in the least in the medium term.
We look forward to the decision of the bank at 00:00
Previous data: 1.75%
Projected data: 1.75%
*In the case of economic news, investment banks, market makers and prime brokers may quote broader spreads, sharp moves, gaps, and possible execution at a price different from the bid (the first possible market price). In the first few seconds, performance may be delayed due to the accumulation of orders in excess of the ability of banks to process.
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.