Currency Note Worldwide

New Zealand weakened by thoughts of interest rate cuts

By Ricky Bean May 1st, 2015

On Thursday, the Reserve Bank of New Zealand voted to keep interest rates at 3.5%. It has also adopted an easing bias, and removed its previous talk of possible future rate hikes.

In Japan, the national bank announced that it will refrain from boosting monetary stimulus, even after inflation came to a halt. However, Governor Haruhiko announced that he expects it will re-emerge as the impact from low oil prices fades.

Also on Thursday, Canadian growth stagnated as their economy continues to struggle with low oil prices.

Today the Chinese Manufacturing Purchase Managers’ Index will be released, and it is expected to show growth – although only just. This is because the manufacturing sector in China has continued to struggle since the beginning of this year.

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