The New Zealand Dollar depreciated against the US Dollar, following the New Zealand Official Cash Rate data release on Wednesday at 02:00 GMT. The NZD/USD exchange currency rate lost 43 pips or 0.65% right after the release. The Kiwi continued trading at the 0.6660 level against the Greenback.
Reserve Bank of New Zealand released the New Zealand Official Cash Rate data, which came out in line with expectations of 1.50%. Note, that the RBNZ Rate Statement was released at the same time.
According to the official release: "Domestic growth has slowed over the past year. While construction activity strengthened in the March 2019 quarter, growth in the services sector continued to slow. Softer house prices and subdued business sentiment continue to dampen domestic spending. The global economic outlook has weakened, and downside risks related to trade activity have intensified. A number of central banks are easing their monetary policy settings to support demand."
| Date | 07.11.18 | 13.02.19 | 27.03.19 | 08.05.19 | 26.06.19 |
|---|---|---|---|---|---|
| Actual | 1.75% | 1.75% | 1.75% | 1.50% | 1.50% |
| Forecast | 1.75% | 1.75% | 1.75% | 1.75% | 1.50% |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/NZD | 1.71157 | 1.71453 | 0.17% |
| GBP/NZD | 1.91129 | 1.91406 | 0.14% |
| NZD/JPY | 71.29500 | 71.165 | -0.18% |
| NZD/USD | 0.66386 | 0.66254 | -0.20% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/NZD | 28.5% | 71.5% |
| GBP/NZD | 72.9% | 27.2% |
| NZD/JPY | 74.0% | 26.0% |
| NZD/USD | 55.0% | 45.0% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 1:00 | NZD | ANZ Business Confidence | - | -32.0 |
| All Day | EUR | German Prelim CPI m/m | 0.2% | 0.2% |
| 12:30 | USD | Final GDP q/q | 3.1% | 3.1% |