FX Watch: NZD/JPY and GBP/NZD Could Reflect Potential NZD Rally After RBNZ Event!

The Reserve Bank of New Zealand (RBNZ) is expected to cut interest rates this week! Our event guide to the RBNZ decision suggests there is room for a rate cut of up to 50bps from the central bank in October. But with traders already pricing in a rate cut for several days, we could actually see a net positive for the NZD even with the rate cut. Here’s why we’re keeping a close eye on NZD/JPY and GBP/NZD should the Kiwi surprise with a bullish move.