OctaFX | OctaFX Forex Broker
Open trading account
Back

NZD/AUD finding 0.88 sticky - Westpac

In view of Imre Speizer, Research Analyst at Westpac, the NZD/AUD cross is stuck in a 0.90-0.91 range for now, but they wouldn’t rule out a retest of the recent low at 0.8855.

Key Quotes

“Fundamentally, though, we don’t see a strong case for a push much lower, our valuation models saying it’s currently fair.”

3 months ahead: We continue to target 0.88 by year end. Australia’s key commodity prices are well within the past 2 months’ range but risk appetite is becoming more interesting, showing some cracks after a very placid period. Both the RBA and RBNZ are likely to be on hold for a long time, suggesting no major interest rate advantage to either currency.”

USD/JPY tracks the Nikkei 225 rebound, back above 113.00

Nikkei 225 index extends recovery. USD moves higher with USTs US data, tax reform vote hold the key. The USD/JPY pair regains poise and trades
Read more Previous

PBOC’s Yin: Monetary policy should also prevent systemic risks - BBG

Comments from the PBOC Deputy Governor Yin Yong are crossing the wires now, via Bloomberg, citing the following. Monetary policy should also prevent
Read more Next
Start livechat