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  • Monetary Stimulus Further Reduced - Official Cash rate raised to 0.50 percent

    From rbnz.govt.nz

    The Monetary Policy Committee agreed to increase the Official Cash Rate (OCR) to 0.50 per cent. Consistent with their assessment at the time of the August Statement, it is appropriate to continue reducing the level of monetary stimulus so as to maintain low inflation and support maximum sustainable employment. The level of global economic activity has continued to recover, supported by accommodative monetary and fiscal settings, and rising vaccination rates enabling a relaxation of mobility restrictions. While economic uncertainty remains elevated due to the prevalent impact of COVID-19, cost pressures are becoming ... (full story)

Added at 9:04pm

Added at 9:04pm

Can any one explain ? TIA.
Quoting RedCable
Can any one explain ? TIA.
Kiwi raised their bank rates. first big central bank to do so, and are gonna keep using Quantitative Easing. Risk On
Tapering and hike rate.

"The Committee agreed to further reduce the level of monetary stimulus at this meeting"
Good for NZD
Quoting KonohaFx
{quote} Kiwi raised their bank rates. first big central bank to do so, and are gonna keep using Quantitative Easing. Risk On
Isn't that the rate hike tends to boost the currency strength
well fakeout as usual, soon we will see the news: "buy the rumour sell the fact" kind of thing
Quoting MuliawanSam
Good for NZD
Dont buy the news.. u see nzd got dumped?
why is nzd selling off?
Quoting jvaz1985
why is nzd selling off?
priced in
Quoting jvaz1985
why is nzd selling off?
Grabbing liquidity before real move
Kiwi is the highest Central Bank Rate ( 0,5% ) of the Central Bank Rate major currency
hawkish later in nyc open just wait
will shoot to 0.7 during the EU/US session, watch!
Quoting RedCable
{quote} Isn't that the rate hike tends to boost the currency strength
Ya, but in this case it has been priced in and gave a fake breakout
LOL, we're just toyed by the news
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Quoting RedCable
Can any one explain ? TIA.
"transient ischemic attack: - it means the RBNZ (CB) by a "stroke " of good fortune thinks the economy is recovering ?
But could be terminal depending on how you look at it.
Quoting RedCable
Can any one explain ? TIA.
"transient ischemic attack - it means the RBNZ (CB) by a "stroke" of good fortune thinks the economy is recovering ?
But could be terminal depending on how you look at it.
Quoting jordanvic
{quote} priced in
There is always justification for every moves in Forex; priced in, below market expectation etc.

In August 2021, new Covid invention made them backed off at the last minute and NZDUSD went down by almost 150 pips, funny enough, it is in about same price as it was in August.

Trading the news could be tricky
SELL NZD/USD hahaha
It's time to Buy NZD/USD Right? It has been down 100 pips. Should be back in NYC to 0.7000......

Any ideas Guys?
classic demonstration, how G6 is scared of appreciation their currencies, NZD sold heavily on Hawkish statement. But it will not last long.
Lmao this comment section is hilarious. So called news traders.
Quoting elanjaelani
It's time to Buy NZD/USD Right? It has been down 100 pips. Should be back in NYC to 0.7000...... Any ideas Guys?
idk mate I don't like touching NZD on news days. maybe tomorrow?
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