NZD / USD: the next meeting of the Fed and RBNZ – in March. trading recommendations
New Zealand is the largest exporter and
supplier of dairy products on the world market. Changes in world prices for dairy directly affects
the currency exchange rate. A steady decline in global commodity prices
and dairy products leads to a reduction in export proceeds to the budget
Today published an index of prices for dairy products from Global
Dairy Trade, reflecting the weighted average
price changes in percentage terms, as well as indicators of the state of the market
work in New Zealand in the 4th quarter (forecast the unemployment rate 6.1%
against 6.0% in the previous quarter).
If the index of prices for dairy products will decline again (-1.4%
in the previous period), the New Zealand dollar weakened.
Another strong negative factor for the entire state
New Zealand’s economy is
slowdown in the Chinese economy.
China is the largest trading partner of New
Reducing the level of exports from New Zealand to China the most negative
impact on the economy.
The pressure on pair NZD / USD also has difference
Fed and RBNZ monetary policy.
As has been stated previously the head of the RBNZ Grem Uiller,
possible further interest rate cut in New Zealand.
The next meeting of the Fed and RBNZ’s monetary policy will
Read technical analysis and trading recommendations
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