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NZD/USD: a rate cut is expected - UOB

FXStreet (Guatemala) - Analysts at UOB Group noted the RBNZ rate decision later today.

Key Quotes:

"We expect RBNZ to ease monetary policy further via another 25bps cut to its Official Cash Rate to 2.5%."

"Even if RBNZ chooses to stay pat, the accompanying statement is likely to stay dovish if not more dovish, especially now that the NZD exchange rate has steadied above 0.6600, the level which RBNZ dropped reference to an “unjustified and unsustainable NZD” in the July MPC meeting."

EUR/USD: 119.30 eyed on Fed disappointments - FXStreet

Valeria Bednarik, chief analyst at FXStreet noted that the USD/JPY pair trades flat around 120.35 ever since the day started, as investors are waiting not only for the US Central Bank decision, but also for the upcoming BOJ meeting outcome early Friday.
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Greenback weakened in the market the hour before the FOMC statement. Markets expect the Federal Reserve to leave interest rate unchanged while the words in the statement will be watched for clues about the future path of monetary policy.
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