6 Jan 2015
AUD/NZD: Cancel those parity party invitations - ANZ
FXStreet (Bali) - In the next 24 hours, the GlobalDairyTrade auction results will be the key event for AUD/NZD, with an expected range of 1.0495 – 1.0550, notes the FX Strategy Team at ANZ.
Key Quotes
"Market should cancel the parity party invitations and instead focus closely on the wording of the RBNZ OCR Review due 29 January. Changes to this should help restore some normalcy to this cross although a period of trading at the lower end of the range is expected. In the next 24 hours the GlobalDairyTrade auction results tomorrow morning will be the key event."
Key Quotes
"Market should cancel the parity party invitations and instead focus closely on the wording of the RBNZ OCR Review due 29 January. Changes to this should help restore some normalcy to this cross although a period of trading at the lower end of the range is expected. In the next 24 hours the GlobalDairyTrade auction results tomorrow morning will be the key event."