Forex News for Asia trading Wednesday May 13, 2020
It was sort of a weak session for the AUD and the NZD following the
same time in the United States (American-Chinese tensions have further increased, this
an American senator) but the monetary policy of the Reserve Bank of New Zealand
This decision gave the $ kiwi an extra boost.
RBNZ left its cash rate outstanding at 0.25% and provided projections of
this rate should remain until March 2021. The Bank has authorized
the rate could become negative in the future (it seems they have concerns
how banking systems will cope with negative rates). So the RBNZ
almost doubled its QE program from 33 billion to 60 billion (and
allowed it to go even higher).
NZD / USD
was brought back to lows below 0.6030.
there was a lot of news and data during the session but none of it
impact on market movement.
as stated above, was lower earlier, but as I post is unclear
changed on the session. EUR, GBP also changed little compared to the
American dollars. CAD is a little higher.
northeastern city has imposed partial lock restrictions
flared cases (see bullets above)
ahead is the press conference of the Governor of the Reserve Bank of New Zealand, Orr