Facebook
 
 


02.05.201910:59 外汇市场分析评论: While investors listened to the speech of the Fed chairman, the Kiwi is the only one who does not stand still.

Long-term review

Exchange Rates 02.05.2019 analysis

Holiday - not a reason to rest. There is always movement in the foreign exchange market, however,most currency pairs are traded in narrow ranges this time. Nevertheless, there are exceptions. The New Zealand dollar could not bear the weak data on the number of jobs, which increased the likelihood of lowering the interest rates. Otherwise, the rest of investors around the world listened to the predictable speeches of Fed Chairman, Jerome Powell, at the end of a two-day meeting.

The Fed meeting took place after the publication of very strong data on the US economy, as a result of which, the dollar exchange rate updated the two-year maximum. Thus, the Fed has justified the expectations of the market in relation to its position, but even in this case, the dollar is probably waiting for another price increase. While this did not happen, the euro, taking advantage of the lull, is rebuilding its position against the American, reaching a mark of 1.1224 dollars. Strong data on economic growth in the eurozone is pushing the single currency upwards.

Exchange Rates 02.05.2019 analysis

Against the background of a general lull, the New Zealand dollar stood out, which fell immediately by half a percentage point after the government data showed that the level of employment decline unexpectedly. Even though the unemployment rate fell to 4.2 percent, the market perceived this as a decrease in the chances of an increase in interest rates by the Reserve Bank of New Zealand, which had previously stated that the next step was likely to be a decrease. Meanwhile, the RBNZ will hold a meeting next week. It seems that the regulator will overtake other central banks of the G10 countries in the transition to an easier monetary policy, and this adjustment will continue to keep the Kiwis under pressure in the short term.

Exchange Rates 02.05.2019 analysis

Irina Maksimova,
分析专家
InstaForex集团 © 2007-2021
立即从分析师的建议受益
充值交易账户
开设交易账户

InstaForex分析评论将让您充分了解市场趋势! 作为InstaForex的客户,您将获得大量的免费服务以实现有效的交易。

现在无法通话?
提出您的问题,用 在线帮助.