The Reserve Bank of New Zealand (RBNZ) is expected to leave policy steady at its September meeting. Dovish forward guidance could weigh on the kiwi but dollar’s mood is set to dominate, FXStreet’s Dhwani Mehta reports. More – Reserve Bank of New Zealand Preview: Six major banks expectations Key quotes “With the coronavirus restrictions lifted for most of New Zealand (NZ), lower unemployment rate forecast and less-severe-than expected economic slump, the Reserve Bank of New Zealand (RBNZ) is expected to keep the Official Cash Rate (OCR) unchanged at a record low of 0.25% for the fourth straight month in September.” “The strong fundamentals could prompt the RBNZ to stand pat on its monetary policy settings on Wednesday but Governor Adrian Orr and company could reinforce the dovish stance amid looming concerns over the longer-term economic impact of the coronavirus pandemic.” “Any hints on the adoption of the negative interest rates as a policy option and/or verbal intervention could exacerbate the pain in NZD/USD.” “The risk tone and the resultant sentiment around the US dollar could likely influence the NZD/USD reaction to the RBNZ’s decision. Although the bias appears to the downside amid an expected dovish forward guidance.” 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 US Treasury Sec. Mnuchin: Working with Congress toward a phase-4 relief package FX Street 1 year The Reserve Bank of New Zealand (RBNZ) is expected to leave policy steady at its September meeting. Dovish forward guidance could weigh on the kiwi but dollar’s mood is set to dominate, FXStreet’s Dhwani Mehta reports. More – Reserve Bank of New Zealand Preview: Six major banks expectations Key quotes “With the coronavirus restrictions lifted for most of New Zealand (NZ), lower unemployment rate forecast and less-severe-than expected economic slump, the Reserve Bank of New Zealand (RBNZ) is expected to keep the Official Cash Rate (OCR) unchanged at a record low of 0.25% for the fourth straight month in September.” “The… Top 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.
