No change in the interest rate. They specifically mention the currency and say that more depreciation will be appropriate. In addition, they say that some easing may be needed during the year. This is very different from the talk about stability in rates seen in the previous rate decision. This is felt in NZD/USD which is sliding, currently within the range, More dovish words are offered regarding inflation. It will take longer to reach the target that previously anticipated. They also mention house prices in Auckland as being a risk to stability. On the upside, they do see growth picking up. Earlier, the Federal Reserve left the interest rate unchanged in the US and sounded a cautious words regarding the global economy, a slowdown in the US and more. This led to a risk off reaction, hurting the kiwi. Now this is extended. From the statement: Some further policy easing may be required over the coming year to ensure that future average inflation settles near the middle of the target range. We will continue to watch closely the emerging flow of economic data The New Zealand rate decision is more exciting than the Fed one. Here is the chart of NZD/USD, with an extension in the falls seen.The low so far is 0.6424, which is also support, and the pair doesn’t really bounce from there. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Fade AUD/USD & EUR/USD Strength – BNPP Yohay Elam 7 years No change in the interest rate. They specifically mention the currency and say that more depreciation will be appropriate. In addition, they say that some easing may be needed during the year. This is very different from the talk about stability in rates seen in the previous rate decision. This is felt in NZD/USD which is sliding, currently within the range, More dovish words are offered regarding inflation. It will take longer to reach the target that previously anticipated. They also mention house prices in Auckland as being a risk to stability. On the upside, they do see growth picking… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
