RBNZ Governor Allan Bollard will be speaking at the quarterly RBNZ Press Conference early evening Wednesday September 12th.
The NZD/USD is at a strong resistance level (.81 area seen on the chart below) and with fundamental help, the NZD could break through.
Wednesday, there are three high impact events for the New Zealand Dollar: the official Cash Rate, RBNZ Press Conference, and the RBNZ Rate Statement. This will all take place at 5pm EST.
The quarterly Press Conference could bring volatility to the markets because of Gov. Bollard’s speech. As people ask him questions or, as he mentions monetary policy, the markets could react.
If the cash rate would change, I would expect high NZD volatility from that also. NZD’s cash rate has been the same since March 2011 and is expected by Bloomberg to remain at 2.50%.
Winner’s Edge Trading, as seen on: