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Kiwi lower on commodity prices ahead of trade balance - UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysts at UOB Group noted that NZD lost momentum, weighed by weaker commodity and oil prices.

    Key Quotes:

    "Meanwhile, the RBNZ said it is investigating an alleged leak of the Mar 10 cash rate decision when the rate was unexpectedly cut by 25bps to 2.25%.

    Markets now look to New Zealand’s trade balance data on Wednesday, with the forecast of NZD$57 in February, jumping from NZD$8mn a month ago."
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