United States S&P/Case-Shiller Home Price Indices (YoY) above forecasts (4.5%) in January: Actual (4.6%)

Yang Chen, Rates Strategist at BofA-Merrill Lynch, explains that NZD strength might lead the RBNZ to shift to an easing bias, and further expects AUD/NZD to remain range-bound in the near term and NZD/USD to end the year at 0.68.