The Reserve Bank of New Zealand (RBNZ) will announce its Interest Rate Decision on Wednesday, October 4 at 01:00 GMT and as we get closer to the relea
on Wednesday, October 4 at 01:00 GMT and as we get closer to the release time, here are the expectations asis expected to hold the key Official Cash Rate steady at 5.50%. At the last meeting, the bank kept the interest rate unchanged but it was a hawkish hold. Traders will keep an eye on the statement following the meeting.We expect the RBNZ to keep the OCR unchanged at 5.5% while striking a more hawkish tone.
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The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.EUR/USD dropped to a fresh 2023-low near 1.0450 on Tuesday before staging a modest rebound. After the data from the US showed that the number of job openings rose unexpectedly in August, the US Dollar extended its rally and caused the pair to turn south in the American session.GBP/USD fell sharply to the 1.
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