Currency
Strong showing by NZD
“Since our last report on Thursday, the NZD/USD has spent most of its time consolidating in a 0.8300-0.8380 range, says Mike Jones, market strategist at BNZ.
Kiwi now Consolidating
Having failed to break through topside resistance at 0.8380 last week, the NZD should consolidate ahead of local employment data and this afternoon’s RBA cash rate decision at 4.30pm NZT, says Sharon Zollner, ANZ senior economist. ...
NZD Well Supported
It was a quiet day for the NZD says Kymberly Martin, market strategist at BNZ. Overnight, in generally quiet markets the NZD/USD consolidated around the 0.8340 level. ...Kiwi Dollar hits 83c
Topside resistance at 0.8380 will be questioned during today’s local trading session, says Mark Smith, Senior Economist at ANZ. ...Surge by Risk Sensitive Currencies
The NZD/USD showed little direction for most of the day yesterday, until the evening release of PMI data in Europe, says BNZ market strategist Kymberly Martin. ...Kiwi Burns Through Topside Barrier
Positive equity markets will continue to support Australasian currency moves today as will the stronger global PMI releases that have been delivered, says Mark Smith, senior economist at ANZ New Zealand. ...Rising AUD drags up NZD
The NZD showed little response to NZ data releases yesterday, but was dragged higher on the back of a rising AUD, says Kymberly Martin , market strategist at BNZ. ...Weak USD is the theme
Global PMI releases should be followed with interest today, particularly from China , as markets look to continue the weak USD theme, says Mark Smith senior economist at ANZ in New Zealand. ...Kiwi Gains against Euro
The NZD lost ground relative to the USD, but gained relative to a weak EUR, as the EU/Greece negotiation is yet to find resolution, says BNZ market strategist Kymberly Martin. ...Kiwi Running into Resistance
Topside attempts for the NZD against the USD should be limited by resistance closer to 0.8212 as markets continue to await a resolution around the Greek debt situation that appears credible, says Cameron Bagrie, chief economist at NZ. ...
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