The NZD/USD pair corrects upwards after the US Federal Reserve's monetary policy decision.
USD falls after yesterday's meeting of the regulator and the subsequent comments of its head, Jerome Powell. In general, all parameters of monetary policy remained unchanged, and the quantitative easing program remained in the total volume of 120B. The official named stable inflation around 2% and unemployment of 4– 5% as a key goal. He noted that discussions on changes in the bond repurchase program continued, and members of the department devoted more time to this than before.
New Zealand authorities have decided to restrict the free movement of tourists from Australia. According to reports from the National Ministry of Health, the number of new cases of COVID-19 is on the rise again, and most of those infected are tourists from Australia. Thus, for at least eight weeks, all visitors from Australia will again undergo mandatory quarantine.
The country's macroeconomic statistics are relatively stable. The index of confidence in business circles in July slightly decreased and amounted to –3.8 points, while the index of business activity from the National Bank increased by 26.3%, which is inferior to the growth of June by 31.6%.