New Zealand Dollar Elevated Today


New Zealand Dollar Elevated Today

New Zealand Dollar Elevated today due to the invariable interest rates of the Reserve Bank of New Zealand but said there is an opportunity if it sees the need for it to boost economic growth.

The RBNZ said in a statement today in Wellington that “The Monetary Policy Committee agreed that new information since the August Monetary Policy Statement did not warrant a significant change to the monetary policy outlook.” It also added that “there remains scope for more fiscal and monetary stimulus, if necessary, to support the economy and maintain our inflation and employment objectives.”

Following this news the NZD/USD pair rose 0.2% to 0.6331. The AUD/USD pair slide 0.2% to 0.6788 by 11:41 PM ET (03:41 GMT).

Meantime the U.S. Dollar against a basket of other currencies hike  0.2% to 98.107  as investors watch for developments in the U.S Nancy Pelosi, House Speaker declared an official accuse inquiry into President Donald Trump.

Pelosi said, “The actions of the Trump presidency revealed the dishonorable fact of the president’s betrayal of his oath of office, betrayal of our national security and betrayal of integrity of our elections.” In remarks to the nation she also added “Therefore, today, I’m announcing the House of Representatives is moving forward with an official impeachment inquiry. I’m directing our six committees to proceed with their investigations under that umbrella of an impeachment inquiry.”

At the United Nations, General Assembly in New York Trump said that he will not welcome “bad deal” in trade with China. The U.S. – Sino has planned for a high level of talks next month.

The U.S. president said “Hopefully we can reach an agreement that will be beneficial for both countries. But as I have made very clear I will not accept a bad deal for the American people.”

 USD/JPY pair last traded at 107.28, up 0.2%.

The USD/JPY pair last traded at 107.28, up 0.2%.