NZD/USD: fireworks to come? - ANZ

Ross J Burland FXStreet

Analysts at ANZ explained that firming USD sentiment, together with a bit of exhaustion on the part of the NZD, has seen kiwi drop back to around where it was prior to Tuesday night’s political poll that caused all the fireworks.

Key Quotes:

"However, there could still be more fireworks to come, with it likely that another poll is out this evening, followed by US CPI figures tonight.

Slightly softer-than-expected PPI data overnight didn’t derail USD strength, but the CPI data will hold more sway."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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