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28 Jan 2015
NZD/USD remains capped below 0.7500; FOMC, RBNZ on tap
FXStreet (Córdoba) - NZD/USD inched slightly higher throughout the day as Kiwi investors square positions ahead of the FOMC-RBNZ decisions.
NZD/USD has risen more than half a cent and reached a peak of 0.7494, but it has, so far, lacked momentum to break above the 0.7500 psychological level. At time of writing, the pair is trading at 0.7490, up 0.62% on the day.
The FOMC will release a policy statement at 19:00 GMT with attention centered in the "patience" approach to hiking rates. The more interesting to locals RBNZ decision will follow at 20:00 GMT. The Reserve Bank of New Zealand is expected to turn neutral on policy given the global economic situation.
NZD/USD has risen more than half a cent and reached a peak of 0.7494, but it has, so far, lacked momentum to break above the 0.7500 psychological level. At time of writing, the pair is trading at 0.7490, up 0.62% on the day.
The FOMC will release a policy statement at 19:00 GMT with attention centered in the "patience" approach to hiking rates. The more interesting to locals RBNZ decision will follow at 20:00 GMT. The Reserve Bank of New Zealand is expected to turn neutral on policy given the global economic situation.