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Thomson Reuters
May 09 - 08:36 PM
AUD/NZD - Gaining Ground After Cautious RBNZ
First appeared on eFXplus on May 09 - 06:20 PM
  • RBNZ statement more dovish than market was expecting
  • RBNZ "neutral" by saying rates can move up or down
  • Slight contrast with RBA message that their next move likely to tighten
  • Both central banks signalling rates will be on hold for considerable period
  • AUD/NZD rallied 0.75% since RBNZ but stalling around May 4 high at 1.0755/60
  • More resistance at the 100-day MA at 1.0772

eur/usd Click here

Source:
Thomson Reuters IFR Markets

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