The Reserve Bank of New Zealand’s (RBNZ) Christian Hawkesby, Assistant Governor/GM Economics, Financial Markets and Banking, has been crossing the wires again, in addition to earlier comments whereby an August rate cut has been described as a means to avoiding more later. Additional comments: August cut did not mean something bad had happened. The economy is in good shape and we are trying to keep it there. Earlier in today’s Asian opening hours, Hawkesby said, “We need to keep rates at a low level for some time,’ adding, “Global risks are still to the downside.” FX implications: There has been little to zero reaction to the comments today as the price of NZD/USD balances over the support of slightly bullish 21 and 50-day moving averages with price oscillating around 0.64 the figure. There is a focus on US and Chinese trade relations on an otherwise dormant domestic calendar for the week ahead. 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 AUD/USD: Under pressure below 50-day SMA, eyes on RBA meeting minutes FX Street 3 years The Reserve Bank of New Zealand's (RBNZ) Christian Hawkesby, Assistant Governor/GM Economics, Financial Markets and Banking, has been crossing the wires again, in addition to earlier comments whereby an August rate cut has been described as a means to avoiding more later. Additional comments: August cut did not mean something bad had happened. The economy is in good shape and we are trying to keep it there. Earlier in today's Asian opening hours, Hawkesby said, "We need to keep rates at a low level for some time,' adding, "Global risks are still to the downside." FX implications: There… 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.
