The most important event risk on the calendar this week is the Reserve Bank of New Zealand’s monetary policy announcement. Having raised interest rates at the last 2 meetings, the RBNZ is the world’s most hawkish central bank and 85% of the economists surveyed by Bloomberg expect the central bank to raise rates for the third time in a row. However I believe rates will remain unchanged and this discrepancy is where I see the opportunity to sell the NZD/USD.
Since the last monetary policy meetin…
Since the last monetary policy meetin…