10 Nov 2015
NZD/USD wavers after Financial Stability Report
FXStreet (Córdoba) - NZD/USD wavered between session highs and lows following the release of the NZ Financial Stability Report and RBNZ Governor presser, in which he declined to comment on the value of the NZD.
NZD/USD dropped to a fresh daily low but found support at the 0.6500 psychological area and quickly bounced to a session peak of 0.6550 before steading at mid-range. At time of writing, the pair is trading at 0.6533, little changed on the day.
The RBNZ stated that risks to the financial system from dairy prices have increased and added that there is less scope for monetary policy easing to offset a sharp rise in funding spreads.
NZD/USD dropped to a fresh daily low but found support at the 0.6500 psychological area and quickly bounced to a session peak of 0.6550 before steading at mid-range. At time of writing, the pair is trading at 0.6533, little changed on the day.
The RBNZ stated that risks to the financial system from dairy prices have increased and added that there is less scope for monetary policy easing to offset a sharp rise in funding spreads.