FX Watch: AUD/NZD and NZD/JPY Areas of Interest for a Cautious RBNZ Decision
The RBNZ is widely expected to keep interest rates on hold for the time being, so the spotlight could be on new RBNZ head Breman’s presser and the updated quarterly economic forecasts.
Our Event Guide for the February RBNZ Decision points out that cautious commentary downplaying the odds of tightening soon could spur a “buy the rumor, sell the news” reaction from the Kiwi.
Here’s what I’m watching on AUD/NZD and NZD/JPY.
