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Sep 26 - 12:12 AM
NZD/USD - Bouncing After Comments From Orr
First appeared on eFXplus on Sep 25 - 10:45 PM
  • NZD/USD rebounding after staging key reversal lower yesterday

  • Pair is up close to 0.59% from the NY close and nearing 0.6300

  • Move up coincided with speech by RBNZ Governor Orr nW9N24B010

  • Orr says rates will remain low for long time, but QE unlikely

  • Adds that low rates provides excellent investment opportunities

  • Resistance at 10-day MA at 0.6314 and break eases downward pressure

Refinitiv IFR Research/Market Commentary


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