Today at 22:45 GMT is scheduled the release of data on the trade balance of New Zealand. Analysts expect the growth in the trade surplus to 919 million in March against 818 million February. It is worth noting that the last time after the publication of data on the growth of surplus, the quotes the New Zealand dollar has increased significantly. In addition, the high level of the New Zealand dollar is supported by the recent increase in interest rates by 0.25% to 3.0%.
The main event of the week for the currency market will be the U.S. Federal Reserve statement on monetary policy on Wednesday. At the same time, investors' attention this week will be focused on data on manufacturing PMI of Australia and China. We look forward for continuing the upward movement of the New Zealand dollar in the medium term.
Wish you the profits!
FXFINPRO Capital Analytical department.