6 Jan 2015
AUD/NZD focus to shift on RBNZ OCR review in January end – ANZ
FXStreet (Barcelona) - The ANZ Team suggest that markets should closely focus on the RBNZ OCR review scheduled on the 29th of January, further anticipating changes to this to aid restore normalcy in the AUD/NZD pair.
Key Quotes
“Market should cancel the parity party invitations and instead focus closely on the wording of the RBNZ OCR Review due 29 January. Changes to this should help restore some normalcy to this cross although a period of trading at the lower end of the range is expected. In the next 24 hours the GlobalDairyTrade auction results tomorrow morning will be the key event.”
“Expected range: 1.0495 – 1.0550.”
Key Quotes
“Market should cancel the parity party invitations and instead focus closely on the wording of the RBNZ OCR Review due 29 January. Changes to this should help restore some normalcy to this cross although a period of trading at the lower end of the range is expected. In the next 24 hours the GlobalDairyTrade auction results tomorrow morning will be the key event.”
“Expected range: 1.0495 – 1.0550.”