NZD/USD - Few fresh clues, firmer USD in background
Wednesday, April 1, 2015 5:10 AM UTC
- NZD little net changed at 0.7466/69 within moderate 0.7440/0.7490 range thus far
- Day of two halves with NZD lower on AUD/NZD buy back then higher as USD fell
- China PMI underpinned recovery but overall messy as external factors dominated
- Focus on GDT outcome ton but pricing skewed by increased Fonterra volume
- Dearth of local data has NZD adrift for now more so as Easter break looms
- USD buy-back dominant factor with lower high/low/close for NZD last 5 days