Forex Today: RBNZ opts for a 50 bps cut, FOMC Minutes next

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Forex Today: RBNZ opts for a 50 bps cut, FOMC Minutes next
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Here is what you need to know on Wednesday, October 9: The action in financial markets remain choppy midweek, with investors' search for the next catalyst continues.

Here is what you need to know on Wednesday, October 9: The action in financial markets remain choppy midweek, with investors' search for the next catalyst continues. The US economic calendar will feature Wholesale Inventories data for August. Later in the day, the US Treasury will hold a 10-year note auction and the Federal Reserve will publish the minutes of the September policy meeting.

Qs What is the Reserve Bank of New Zealand? The Reserve Bank of New Zealand is the country’s central bank. Its economic objectives are achieving and maintaining price stability – achieved when inflation, measured by the Consumer Price Index , falls within the band of between 1% and 3% – and supporting maximum sustainable employment.

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