The Reserve Bank of New Zealand (RBNZ) is widely expected to cut interest rates this week!
Our Event Guide for RBNZ’s Decision suggests that there’s room for as much as a 50bps rate cut from the central bank in October.
But with traders already pricing in a rate cut for days, we could actually see a net positive outcome for the New Zealand dollar, even with the rate reduction.
Here’s why we’re keeping a close eye on NZD/JPY and GBP/NZD in case the Kiwi surprises with a bullish move.
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