What's coming up today and how's the Kiwi? - ANZ

Ross J Burland FXStreet

Analysts at ANZ explained that international travel and migration figures for October are expected to show a further gradual easing in monthly net migrant inflows, even ahead of possible future policy changes.

Key Quotes:

"Q3 construction work done data is the main release in Australia.

Despite another soft dairy auction and what looks like a weak technical picture, the kiwi has lifted back above 68 cents as it was dragged higher by the AUD (on remarks by Governor Lowe) and a wobbly USD.

Positioning also appears to be playing a role as a short market gets squeezed, and that could drive a further move higher today."

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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