News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Real Time News
  • Heads Up:🇧🇷 Interest Rate Decision due at 22:00 GMT (15min) Actual: 6.25% Expected: 6.25% Previous: 5.25%
  • But ,how do you really feel?
  • Central Bank of Brazil sees an additional 100 bps rate hike in October - BBG
  • Brazilian Central Bank hikes 100bps as expected. We have to split hairs for 'hawkish/dovish' in the Fed's views. Pretty straightforward here...
  • Central Bank of Brazil: - Raises Selic rate by 100 basis points to 6.25% - BBG
  • ARKK Innovation (ARKK), the EFT created by Cathie Wood that epitomizes disruptive growth investing, has trended downwards since Sept. 7 after failing to clear resistance in the 126.50 area. Get your market update from @DColmanFX here:
  • Speaking of monetary policy changes, the Brazilian central bank is due to announce its updated policies and the economist consensus is for a 100bp hike to 6.25%. Keep an eye on $USDBRL. Scenario with the most market-moving potential in my book would be a hold and USDBRL rally
  • The implied rate hikes from the Fed through the end of next year (Dec 2022 vs current Fed Fund futures contracts) jumped after today's FOMC report. Goes a long way towards explaining the $DXY Dollar jump here
  • Heads Up:🇧🇷 Interest Rate Decision due at 21:00 GMT (15min) Expected: 6.25% Previous: 5.25%
  • The corrective pullback still seems to be in play but the drop below 109.00 has been in the works for too long now, which is a sign of concern for bears. Get your $USDJPY market update from @HathornSabin here:
FOREX: New Zealand unemployment and CPI could make rate hike unlikely

FOREX: New Zealand unemployment and CPI could make rate hike unlikely

Christopher Almeida,
FOREX_New_Zealand_unemployment_and_CPI_could_make_rate_hike_unlikely_body_RBNZMEETING.png, FOREX: New Zealand unemployment and CPI could make rate hike unlikely

THE TAKEAWAY:The Reserve Bank of New Zealand could be set to hold rates at 2.5% after a trade surplus is seen but high unemployment and low CPI weigh on the economy.

Governor Graeme Wheeler of the Reserve Bank of New Zealand and his policy makers could be set to hold the Official Cash Rate unchanged at 2.5 per cent as unemployment reaches levels not observed since 1999 and CPI inflation remains below 1 per cent.

In their last Policy Target Agreement set in September of 2012, the Reserve Bank outlined that a CPI inflation outcome of between 1-3 per cent for the medium term and a 2 per cent target midpoint for the long term would be put in place. As the annual CPI inflation declined to 0.8 per cent in September of 2012 and then rose to 0.9 per cent in December, it seems that New Zealand could be moving in the right direction. Unemployment however, remains at a very high 7.30 per cent and given the Reserve Bank outlined unemployment as a key concern in its last announcement it seems unlikely that the Official Cash Rate will see higher levels in the medium term.

The last interest rate decision saw a rally in the New Zealand Dollar as investors saw more appeal in the high yielding currency. The so called “Kiwi” dollar could see a move higher tomorrow as investor confidence in a New Zealand recovery could see risk appetite rise, however given the recent rally in the Kiwi stemming from a surprise Trade Surplus, the scope for another large rally could be reduced.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.