The odds, according to interest-rates swaps are 50/50 tonight on a 25bps rate hike. Greater than i had anticipated given the CPI figs yesterday, although y/y inflation is greater than 3%. I think they will hold rates, but the accompanying statement will be interesting, to see if any evidence emerges that inflation risks remain, pointing to maybe a november/december hike.
NZD/USD rose about 100pips last month with in an hour, on the basis of the hawkish statement.
Any thoughts?
NZD/USD rose about 100pips last month with in an hour, on the basis of the hawkish statement.
Any thoughts?
Forex rules