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NZD/USD set back a touch post trade data

FXStreet (Barcelona) - NZD/USD is trading at 0.7869, down -0.12% on the day, having posted a daily high at 0.7884 and low at 0.7862.

NZD/USD is slightly offered on the back of the mixed trade data after a day of gains throughout Europe and the US session but nevertheless residing to the 0.78 handle only and unable to break through to meet this weeks bullish opening gap on the 0.79 handle.

NZD is in negative territory on a fundamental basis in respect of the inflation outlook and still wearing the damage of lower dairy prices and commodity prices in general and of course a strong performance from the greenback in its own right making fresh lows for the year and vs the NZD, that comes at 0.7660.

2015 may be a year where the greenback continues to make big strides across the board on the basis of the divergence between central banks, and economists are not expecting action from the RBNZ until the end of 2015 at least while their inflation outlook is headed lower within their 1-3% target range currently.

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