NZD/USD: Shy bounce along with commodities - ANZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Bali) - NZD/USD remains under pressure despite a commodity bounce and a general underperformance of US data, notes the ANZ Research Team.

    Key Quotes

    "While markets were focused on the expedited FOMC meeting to consider the Fed discount rate – different to the Fed funds rate! – US data underperformed with the Markit PMI dropping 1.5pts and existing home sales underwhelming. US Q3 GDP, Richmond Fed, and consumer confidence will drive USD tonight. Expected range: 0.6490 – 0.6610."
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