AUD/NZD supported by Fonterra and awaits RBNZ - ANZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Analysts at ANZ explained that Fonterra reduced their milk price forecast earlier in the week, sending the AUD/NZD cross even higher.

    Key Quotes:

    "The RBNZ later this week will be of key focus, with few releases until then. AUD/NZD is now trading above 1.10 with further gains likely if commodity prices remain supported."
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