Category: RBNZs
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New Zealand CPI Fell to RBNZ’s Target Range in Q2 2024
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New Zealand’s quarterly CPI reading came in slightly weaker than expected at 0.6% versus 0.7% in the second quarter of 2024, bringing the annual inflation reading down from 3.3% to 2.2% – within the central bank’s target range of 1-3%. This represents the slowest pace of increase in year-on-year price…
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FX Watch: NZD/JPY And GBP/NZD Could Reflect NZD’s Potential Rally After RBNZ’s Event!
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The Reserve Bank of New Zealand (RBNZ) is widely expected to cut interest rates this week! Our event guide to the RBNZ’s decision suggests there is scope for a 50 basis point rate cut from the central bank in October. But with traders already anticipating a rate cut for several…
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The RBNZ’s guide for members of its Monetary Policy Committee (MPC) – link to full text
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Week Ahead in FX (July 1 – 5): U.S. Inflation Updates, RBNZ’s Decision, And U.K.’s GDP On Tap
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Markets are heading into a relatively quiet trading week with only a few major events expected on the agenda. But that doesn’t mean major assets won’t see increased volatility! Uncle Sam dropped June inflation figures which could impact Fed rate cut talks. The Reserve Bank of New Zealand will also…
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FX Watch: EUR/NZD’s Resistance Area Ahead of RBNZ’s Policy Decision
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EUR/NZD is approaching the technical resistance area! Will the pair continue its downward trend this week? Or will the RBNZ policy decision inspire a bullish breakout for its Kiwi counterpart? While we did not see market catalysts yesterday, commodity-related currencies such as the New Zealand dollar fell against their counterparts…