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RBA and RBNZ might keep rates unchanged – Growth Aces

FXStreet (Barcelona) - The Growth Aces Research Team expects both the RBA and the RBNZ to keep rates unchanged, anticipating the RBNZ action to be positive for NZD/USD and AUD/USD.

Key Quotes

“The RBA meeting is scheduled for next week and we do not expect any changes in interest rates.”

“The AUD rose also against the NZD after the CPI data. In our opinion the rise was short-lived and the AUD/NZD rate is likely to go down again today after the Reserve Bank of New Zealand meeting (today 20:00 GMT), as we do not expect monetary easing in New Zealand.”

“If the RBNZ keeps interest rates unchanged, it will be supportive not only for the NZD/USD but also for the AUD/USD.”

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