Don’t waste your time – keep track of how NFP affects the US dollar!
The ASIC policy prohibits us from providing services to clients in your region. Are you already registered with FBS and want to continue working in your Personal area?
Personal areaOn Wednesday, February 24, at 03:00 MT time, RBNZ will provide the Rate Statement and Press Conference. As the interest rate is the primary impact factor for any currency, this release may bring a change to or support the current value of the NZD.
After the rate was reduced to the historical 0.25% at the beginning of 2020, the RBNZ was faithfully committed to keeping it at those lows as long as the economy of New Zealand is going through the recovery process. The consumer price inflation target is not and is not expected to be met yet. In the meantime, while the economic stimulus is applied, the vaccines are being spread among the population. You will be looking for the messages regarding the outlook of these dynamics in the RBNZ statement. If there are brighter spots in what the Bank officials deliver, the New Zealand dollar may be boosted.
Instruments to trade: NZD/USD; NZD/CAD; NZD/JPY: NZD/CHF
