The RBNZ announce their interest rate decision during the Asian session.

The RBNZ are expected to make a move on rates for the first time in over two years. Analysts forecast a cut of 25bps, however markets have only priced a 40% chance of this move happening. Therefore we expect a strong reaction to this event regardless of the outcome.

We will be trading NZD/USD. We will be selling the pair on a rate cut, and buying the pair if the RBNZ remain on hold.