The Reserve Bank of New Zealand (RBNZ) is widely expected to cut interest rates this week! Our event guide to the RBNZ’s decision suggests there is scope for a 50 basis point rate cut from the central bank in October. But with traders already anticipating a rate cut for several days, we could already see a net positive outcome for the New Zealand dollar, even with the rate cut. That’s why we’re closely monitoring NZD/JPY and GBP/NZD in case the NZD surprises with an upward move.
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