Xtreamforex Asia FX news wrap: New Zealand report another jump in new COVID-19 cases today
The Reserve Bank of New Zealand’s Monetary Policy Committee raised its Official Cash Rate from 0.25% to 0.5% at today’s meeting, conveying the climb expected at the August gathering that was delayed due to the NZ’s COVID-19 episode. In today’s choice, the Bank flagged that further evacuation of financial strategy improvement is normal after some time, dependent upon the medium-term standpoint for swelling and work.
NZD/USD at first popped higher on the news, momentarily to around 0.6975 (from around 0.6950) prior to ticking back lower to pretty much unaltered and afterward slid down towards 0.6930. AUD/USD followed a comparable example, albeit the ‘pop’ was substantially more restricted. EUR/USD, GBP/USD are both additionally only a couple of focuses net lower on the meeting while as I update USD/CAD is on its meeting high in a little reach.
USD/JPY is consistent, riding 111.60 and not a long way from its high during the day here.
It was a close vacant information schedule during the meeting while the news stream was genuinely minor. Biden and Xi were accounted for as talking by and by, saying they’d maintain Taiwan-related arrangements. Further on the national bank from Bank of Japan Governor Kuroda talked.