NZ Dollar Still In High Level, But Aussie Hit

NZ Dollar Still In High Level, But Aussie Hit
June 7, 2016 14:25 By: N Sabila view: 143 Share This

NZD / USD increased by 00:10 percent at the end of the Asian trading session on Tuesday (07 / June) this afternoon to trade at 0.6928 figure. Sentiment towards the US dollar remains vulnerable associated fading expectations of a rate hike this month following FED Janet Yellen's speech last night that did not provide information timing of interest rate increases.




NZD_AUD


Australian Dollar Tumbles Against Post-RBA
However, the New Zealand dollar should be falling against the Australian dollar after the Reserve Bank of Australia (RBA) decided to keep interest rates in June, and disappointing traders who expect additional interest rate cuts after May.

New Zealand dollar drop to the level of 0.9332 per Australian dollar at 5 pm in Wellington today, than ever before in the 0.9374 figure, some time before the RBA statement and from the figures reached 0.9438 yesterday.

Australian interest rates are still maintained at the level of 1.75 percent. Australia's central bank did not give a signal seemed to be cutting interest rates again. The market expects the possibility of execution time pemtongan RBA rate again is at the RBA meeting next August, right after the release of the CPI report for June at the end of July.


Look forward RBNZ Policy
Meanwhile, the factors triggering the movement of New Zealand Kiwi itself seemed minor since yesterday following a national holiday New Zealand in order Queen's Birthday. However, the NZD traders now focus their attention on the monetary policy report, the Bank of New Zealand (RBNZ) on next Thursday.

Governor Graeme Wheeler is expected to keep interest rates given the OCR New Zealand economy is still going Sesua expectations and housing pasra not require stimulus.

"The market may be already anticipates some form of stimulus from the RBA in the form pemtongan interest rates and we see the possibility of the traders who calculate the price in relation to the Australian dollar slightly hawkish RBA sentiment," said Sheldon Slabbert at CMC Markets. Slabbert expect the market will wait until Thursday.