Open trading account 
All eyes are now on Reserve Bank of New Zealand for further cues on the direction of NZD/USD. The Reserve Bank of New Zealand is widely expected to keep its official cash rate unchanged at record low of 1.75 percent on August 9th, 2017. Major economic challenges such as persistent surplus capacity and extensive political uncertainty are yet to subside. GDP growth in the March quarter was lower than expected, with weaker export volumes and residential construction partially offset by stronger consumption. Headline inflation has increased over the past year in several countries, but moderated recently with the fall in energy prices. Nevertheless, the growth outlook remains positive. All eyes are now on Reserve Bank of New Zealand for further cues on the direction of NZD/USD. The Reserve Bank of New Zealand is widely expected to keep its official cash rate unchanged at record low of 1.75 percent on August 9th, 2017. Major economic challenges such as persistent surplus capacity and extensive political uncertainty are yet to subside. GDP growth in the March quarter was lower than expected, with weaker export volumes and residential construction partially offset by stronger consumption. Headline inflation has increased over the past year in several countries, but moderated recently with the fall in energy prices. Nevertheless, the growth outlook remains positive. 