Australia is releasing its RBA Interest Rate Decision news event later today, and because of this we are expecting a large increase in volatility following the event release at 2023-06-06 14:30. These are the instruments that may be affected:
The table below summarizes how the volatility of each instrument is expected to change during this news event.
| Symbol | Normal Movement Range | Movement range during AU RBA Interest Rate Decision |
|---|---|---|
| NZDUSD | 15-24 pips | 25-41 pips (73.08%) |
| AUDUSD | 15-25 pips | 46-81 pips (216.55%) |
| USDCAD | 12-20 pips | 14-22 pips (12.49%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).