Antipodean price action, NZD wins - Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Analysts at Westpac noted the price action in the antipodeans overnight.

    Key Quotes:

    "AUD/USD had initially bounced to 0.7632 on the RBA’s steady cash rate but fell as far as 0.7510 in London/NY before creeping higher into the Sydney morning.

    NZD/USD jumped from 0.6770 to 0.6805 after a 2% bounce in GDT dairy auction prices (curious, given futures had earlier predicted a 1% bounce).

    AUD/NZD fell from 1.1200 in the Sydney afternoon to the high 1.1000s."
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