RBNZ governor to discuss annual report & potential headlines
|The RBNZ Governor is appearing before the Finance and Expenditure Committee today at 11 GMT to discuss the RBNZ’s annual report. Traders will be monitoring wires at the time of the event for potential headlines.
Key notes
- NZD/USD traders await the RBNZ Governor - ANZ
"It was a relatively narrow range for the kiwi overnight, but with the USD finding a little more love, there is perhaps a bias for it to test lower levels today".
- NZD/USD: holding trend-line support, testing hourly 21 SMA
"Latest Global Dairy Trade auction results showed the average price down at USD3,623 with the price index down -0.5% vs +5.9% previous. Offshore USD forces remain very much in the driving seat."
- NZD/USD bullish above 0.7435/40 – UOB
"FX Strategists at UOB Group noted the pair’s outlook should shift to bullish on a daily close above 0.7435/40 band."
About the RBNZ's Acting Governor
Grant Spencer is Acting Governor for the Reserve Bank of New Zealand. His tenure in leading the Bank became effective on 27 September 2017 and will end on 26 March 2018. His tenure covers the post-election period while the next Government makes a permanent appointment. Previously, Spencer held the position of Deputy Governor and Head of Financial Stability from April 2007 until September 2017.
Information on these pages contains forward-looking statements that involve risks and uncertainties. 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. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. 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. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. 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.