New Zealand's official cash rate, as reported in the monetary policy statement released by the Reserve Bank of New Zealand, has remained unchanged at 1.75 percent. This rate is expected to stay at this level through 2019 and 2020, according to the report.
The EURUSD pair
surged on Thursday after a combination of a somewhat hawkish ECB decision along
with a weakening of US CPI. The pair was seen trading 0.50% stronger during the
US session, hovering slightly below the important 1.17 mark.
It is notable that we have a valid kumo break out signal following by the confirmation of the chikou span line which is below the cloud and below the price.
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|remaining time till the new event being published|
- Former Fed chair Yellen: yield curve may signal need to cut rates, not a recession
- ECB governing council member Coeure: ECB is not at the limit of what it can do yet on monetary policy
- Dallas Fed Manufacturing Index drops less than expected in March
- Germany Gfk consumer confidence index unexpectedly fell