Analysts at TD Securities note that the RBNZ left the cash rate at 1.75% as widely anticipated, and forward guidance a repeat of August, where “We expect to keep the OCR at this level through 2019 and into 2020. The direction of our next OCR move could be up or down”. Key Quotes “We expected Governor Orr to emphasize low inflation and weak business confidence, but the statement was constructive, noting solid domestic demand, full employment, and positive backdrop for continued export growth, trade tensions notwithstanding.” “AUDNZD has been trading in a 1.09-1.10 range for some time, a little surprising since Orr tends to out-dove the RBA at every turn (RBA doesn’t discuss rate cuts).” “Going forward, we expect Governor Orr to keep pressure on the NZD, putting a floor under AUDNZD at 1.085. The 2yr swap rate is a little lower at 2.03% and OIS is 25% priced for an August 2019 cut. We still see the next move being up for the OCR, and pencil in November 2019.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Italy: Focus on growth – Danske Bank FX Street 4 years Analysts at TD Securities note that the RBNZ left the cash rate at 1.75% as widely anticipated, and forward guidance a repeat of August, where "We expect to keep the OCR at this level through 2019 and into 2020. The direction of our next OCR move could be up or down". Key Quotes "We expected Governor Orr to emphasize low inflation and weak business confidence, but the statement was constructive, noting solid domestic demand, full employment, and positive backdrop for continued export growth, trade tensions notwithstanding." "AUDNZD has been trading in a 1.09-1.10 range for some time, a little surprising… 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.
