FXstreet.com (Barcelona) - The Reserve Bank Of NZ, with his newly appointed governor Mr. Wheeler , decided to keep the cash rate unchanged at 2.50%. According to the RBNZ, while the New Zealand economy still shows signs of expansion at modest pace, the strength of the NZ Dollar is undermining export earnings. On the monetary statement, annual inflation was reported to head back to the mddle of its target range towards 2%. RBNZ Wheeler added to monitor inflation indicators closely in the months to come. The statement, overall, is hardly dovish, against recent market expectations, which had started to speculate on a possible ease in monetary policies following weak slew of domestic indicators coupled with evidence of a global slowdown.
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. 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.
Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com 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.
