FXstreet.com (Barcelona) - With so little NZ data on offer this week, "we can imagine kiwi markets will be keyed into the many Australian data items and events for direction" BNZ FX Analyst Craig Ebert notes, with the RBA policy announcement on Tuesday the main event to follow. Craig adds: "While the majority of polled analysts (including NAB) are picking the RBA to hold its cash rate at 3.50% the market is ascribing a two-thirds chance of a 25 basis point cut. Something has to give. The focus will then turn to Australia's international trade and new-home sales statistics (Wednesday), and retail sales and building approvals (Thursday)."
Forex Flash: Kiwi keyed into Aussie data for direction - BNZ
Mon, Oct 01 2012, 01:30 GMT | FXstreet.com
NZD/USD May 21 at 06:52 GMT
0.8191/93 (0.25%)
H0.8215 L 0.8138
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Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
