New Zealand Bank: The Fate Of The New Zealand Dollar Is Completely Controlled By The US Dollar.

Early in the Asian market, NZD / USD was hovering around 0.8100.

The New York dollar fell sharply on the last trading day, because the Fed's resolution and statement helped the US dollar surge, and the New York dollar fell and refreshed its 0.8076 low position.

In the intra Asia Pacific region, the NZD / USD temporarily rebounded slightly from the 0.8085 front-line.

(BNZ) the report pointed out that the New Zealand trade account deficit, which was announced on the previous trading day, is further expanding and is expected to deteriorate further in 2015, which will become an important factor in the long term pressure of the New Zealand dollar.

The Bank of New Zealand reported that in the past 24 hours,

The fate is entirely in the hands of the dollar.

The NZD / USD is in a downward trend, but it has experienced a flash in the pan before it fell sharply.

The main reason is that the US CPI weakened in August.

The bank further pointed out that, however, the greater volatility of NZD / USD was the sharp fall of the NZD / USD due to the sharp rise in the US dollar after the FOMC interest conference, and now found a balance near 0.8110. The current exchange rate support is located near February 0.8050/60.

Cross platform, the report pointed out that the New Zealand dollar is lower than the European monetary system. After overnight falls, the NZD / GBP has fallen below 0.5000 key support, currently near 0.4985, the lowest level since February.

However, the NZD / Australian dollar rebounded near 0.9020.

In terms of economic data, New Zealand's second quarter GDP was better than expected, and NZD / USD rebounded in early trading.

Data show that New Zealand's GDP growth rate is 0.7% in the second quarter, and is expected to grow by only 0.6%, with an annual growth rate of 3.9%, with an expected growth of only 3.8%.

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The US dollar index rose significantly on Wednesday (September 17th). The Fed's interest rate resolution released during the day and the subsequent Yellen speech displayed hawkish stance. "The interest rate has remained for a long time". This key statement is not cancelled as expected in the forward-looking guidance, and the Federal Reserve has promulgated the principles and plans for the normalization of monetary policy.

The Fed's resolution as expected in the day, and the QE policy again reduced by 10 billion US dollars to US $15 billion per month. The purchase scale of MBS is reduced by 5 billion US dollars to US $5 billion per month, and the purchase scale of treasury bonds is reduced by US $5 billion to US $10 billion per month.

FOMC released quarterly forecasts for the 17 policy makers on the economy and interest rates, and for the first time released its forecast for 2017, suggesting that the Fed's rate hike will be faster than it was in June.

The median of the policymakers is expected to be 1.375% at the end of next year, 1.125% in June, 2.875% at the end of 2016, 2.50% before 2017 and 3.75% in 2017.