17 Feb 2016
NZD/USD: Expectations are a powerful thing - ANZ
Research Team at ANZ, suggests that the NZD/USD fell yesterday as markets looked to the RBNZ expectations survey.
Key Quotes
“While we think the market is wrong to unduly focus on this measure, markets clearly have a view that the low result will feed into RBNZ thinking. The GDT auction was better than implied by NZX futures, but still negative. US data disappointed, but the USD held up well overnight.”
Expected range: 0.6530 – 0.6640
Key Quotes
“While we think the market is wrong to unduly focus on this measure, markets clearly have a view that the low result will feed into RBNZ thinking. The GDT auction was better than implied by NZX futures, but still negative. US data disappointed, but the USD held up well overnight.”
Expected range: 0.6530 – 0.6640