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NZD/USD: 1 cent range after GDT index - ANZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysts at ANZ explained the the expected range in NZD/USD is 0.6530 – 0.6640.

    Key Quotes:


    "NZD/USD fell yesterday as markets looked to the RBNZ expectations survey. While we think the market is wrong to unduly focus on this measure, markets clearly have a view that the low result will feed into RBNZ thinking."

    "The GDT auction was better than implied by NZX futures, but still negative. US data disappointed, but the USD held up well overnight"
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