According to Saxo Capital Markets global macro strategist Kay Van-Petersen, we are looking at a busy week. Federal Reserve chair Janet Yellen will speak and there will be news out from the Australian, Indian, Russian, and South Korean central banks.

The Reserve Bank of New Zealand will also meet and according to Van-Petersen there is a good chance that we see a rate cut. Based on that Van-Petersen says that the kiwi is set to rise.