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NZDUSD Poised for Bullish Breakout as RBNZ Looks to Normalize
Trading the News: Reserve Bank of New Zealand Interest Rate Decision The Reserve Bank of New Zealand (RBNZ) is widely expected to keep the benchmark interest rate at 2.50%, but the fresh batch of central bank rhetoric may spark a bullish breakout in the New Zealand dollar should Governor Graeme Wheeler adopt a more hawkish tone for monetary policy. What’s Expected: Time of release: 09/11/2013 21:00 GMT, 17:00 EDT Primary Pair Impact: NZDUSD Expected: 2.50% Previous: 2.50% DailyFX Forecast: 2.50% Why Is This Event Important: Indeed, the central bank head may highlight a greater risk for an asset bubble as the ... (full story)
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