RBNZ governor to discuss annual report & potential headlines

Ross J Burland FXStreet

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.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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