21 Oct 2015
NZD/USD: a game of two halfs overnight - ANZ
FXStreet (Guatemala) - Analysts at ANZ noted the activity surrounding NZD/USD.
Key Quotes:
"It was a game of two halves overnight with NZD outperforming until midnight. It gave up those gains before the GDT auction, and then plummeted after the first negative GDT result since early August. With prices still below what is needed for full year forecasts to be met, the downside risks for NZD again opened up. Fed speakers (Chair Yellen, FOMC Vice-Chair Dudley, and Governor Powell) overnight were not market relevant."
"Expected range: 0.6710 – 0.6800."
Key Quotes:
"It was a game of two halves overnight with NZD outperforming until midnight. It gave up those gains before the GDT auction, and then plummeted after the first negative GDT result since early August. With prices still below what is needed for full year forecasts to be met, the downside risks for NZD again opened up. Fed speakers (Chair Yellen, FOMC Vice-Chair Dudley, and Governor Powell) overnight were not market relevant."
"Expected range: 0.6710 – 0.6800."