NZ RBNZ Interest Rates |June 8, 2016 | Currency News

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Old 06-08-2016, 09:36 AM
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Default NZ RBNZ Interest Rates |June 8, 2016 | Currency News

NZ RBNZ Interest Rates |June 8, 2016 | Currency News

Event Details At-A-Glance:

* 2.00% 2.25% 0.25%

nzd rate2 NZ RBNZ Interest Rates |June 8, 2016 | Currency NewsRBNZ Interest Rates decision today is expected to cut by another 25 basis points, but since there is a small group of analysts forecasting a no-change verdict, anything is possible today…

5:00pm (NY Time) RBNZ Interest Rates Decision Forecast 2.00% Previous 2.25%
DEVIATION: 0.25% (BUY NZD 2.25% / SELL NZD 1.75%)

The Trade Plan
Current forecast from economists surveyed by Bloomberg agree that RBNZ is likely to cut the official rate by another 25 bps at this meeting; however, in the event that Governor Wheeler surprises the market either by keep rates unchanged or cut by 0.50%, we should see an immediate strong volatility in the NZD which is a great opportunity to spike trade NZD.
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