by Henry Liu on October 27, 2009
4:00pm (NY Time) RBNZ Rate Decision Forecast 2.50% Previous 2.50%
ACTION: NZD/USD BUY 2.75% SELL Unchanged
RBNZ is expected to leave rates unchanged at the current rate of 2.50%, as unanimously agreed by 11 economists surveyed, according to Bloomberg. As a matter of fact, New Zealand’s economic outlook is still bleak, although NZD has appreciated over 32% in the past 6 months benefited from the surge in risk appetite sentiment, but sentiment alone will not make RBNZ hike rates…
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by Henry Liu on October 18, 2009
[flv:http://www.newsprofiteer.com/101909-rbaminutes/101909-rbaminutes.mp4 480 360]
RBA(Reserve Bank of Australia) is expected to release its Meeting Minutes for the rate decision 2 weeks ago; and if you remember, it was a surprise to the currency market as a whole as RBA hiked it’s Cash Rate by 25 basis points, from 3.00% to 3.25%. As with most analysts, I didn’t expect RBA to hike rates until 2010, and I was genuinely surprised by this decision, and of course, market responded with a frenzied demand for AUD and pushed AUD/USD pair to new 2009 highs.
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