NZD/USD: RBNZ plans to lower interest rate in August. Fundamental analysis for 21.07.2016.

Forex analytics: After yesterday’s announcement (23:00 GMT+2) by the RBNZ that interest rate could be lowered in August, the NZD sharply fell in the market. Within an hour the pair NZD/USD fell by 55 points. By the beginning of European session the pair slightly regained; however, it is still under pressure.Economic forecast presented by the RBNZ showed that long-lasting low rate of inflation and high rate of ...