Browse schedules for the meetings of the Governing Council and General Council of the ECB and related press conferences. FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.Any opinions, news, research, analyses, prices or other information contained on this website, by FXStreet, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.Opinions expressed at FXStreet are those of the individual authors and do not necessarily represent the opinion of FXStreet or its management. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. RBNZ on track to meet its QE targets New Zealand economy broadly recovered The RBNZ will hold off until 2021 to launch negative rates to combat weak inflation The RBNZ has stabilised the pace of asset purchases in recent months and is on track to meet its QE targets.
However, with a general election due in September, if the market environment this year changes to risk-off again, the probability that NZD will depreciate over the next month, even if only temporarily, is likely to get higher.”“We cannot rule out the possibility of negative interest rates in time, but that will come with considerable baggage and we do not expect the RBNZ to employ that option for now. If, for example, the “The RBNZ will aim to keep the stance of monetary policy unchanged at next week’s MPS. The New Zealand Dollar is in a consolidation phase with NZDUSD under the recent high of 0.671. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. Agency Meeting Dates CalHFA Board Meetings.
The review will include reassessing the “appropriate quantum” of their asset purchase programme as well as discussing other unconventional policy tools such as a term lending facility, negative rates, forward guidance and potentially purchasing foreign assets (as part of FX intervention). Governance and quality framework.
The OCR will remain at 0.25%, and the RBNZ will commit to keeping it there until at least March 2021. US-China tussle, ambiguity over American relief package question ISM Manufacturing PMI-led bounce of the US dollar.WTI seesaws inside a weekly symmetrical triangle, bounces off $42.88 recently. Activity data since the last forecast in May has recovered sufficiently to justify an upward revision to growth forecasts. 13– 15 January: Geneva Programme, Budget and Administration Committee of the Executive Board: thirty-third meeting 18 – 26 January: Geneva At its last meeting, the Reserve Bank of New Zealand raised the prospect of moving to negative rates. Seasonality shows that there is more risk avoidance in August than in other months, and in the G10 currency space NZD tends to fall in line with AUD.
FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. US-China tussle, ambiguity over American relief package question ISM Manufacturing PMI-led bounce of the US dollar.WTI seesaws inside a weekly symmetrical triangle, bounces off $42.88 recently. Investment objectives, risk appetite and the trader's level of experience should be carefully weighed before entering the Forex market. At this stage, this seems like the most likely outcome. RBNZ monetary policy meeting this week - fewer 'shadow board' members consider further stimulus appropriate ; An extract from BNZ's what to expect: We … However, with a general election due in September, if the market environment this year changes to risk-off again, the probability that NZD will depreciate over the next month, even if only temporarily, is likely to get higher.”“We cannot rule out the possibility of negative interest rates in time, but that will come with considerable baggage and we do not expect the RBNZ to employ that option for now. Fresh noise concerning the US-China relations probes the risk-on mood cheering vaccine hopes.USD/JPY is back on the 106 levels, as the US dollar extends its recovery momentum into Asia, benefiting from the rebound in the US Treasury yields across the curve. ; Gray –Typical Non-working Days. This policy is set to be a a real headwind for the kiwi.“We are now forecasting the RBNZ to cut the OCR by 50bp to -0.25% in April 2021. An equivalent alternative would be to extend the LSAP to August 2021 and lift the cap to $70bn.
The energy benchmark keeps the short-term triangle formation in play while also trading past-200-bar SMA with normal RSI strength.Note: All information on this page is subject to change. Another option for the RBNZ is to adjust the QE programme to a type of ‘yield curve control’.”“Market participants are expecting a dovish outcome from the RBNZ policy meeting. The review will include reassessing the “appropriate quantum” of their asset purchase programme as well as discussing other unconventional policy tools such as a term lending facility, negative rates, forward guidance and potentially purchasing foreign assets (as part of FX intervention).
Seasonality shows that there is more risk avoidance in August than in other months, and in the G10 currency space NZD tends to fall in line with AUD.
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