18 Aug 2015
AUD/NZD: awaiting RBA minutes, remains in sideways channel
FXStreet (Guatemala) - AUD/NZD is currently trading at 1.1210with a high of 1.1224 and a low of 1.1209.
AUD/NZD remains contained by 1.100 to the downside and 1.1300 to the upside since the start of August business. The cross has been stable overnight and in early Asia after the cross slid from the 1.1280 resistance level in London. The kiwi was holding up firmer to the US dollar that managed to advance despite the NY manufacturing index tumbling to -14.9, the lowest in six years, against expectations of a 5.0 advance. Holding the commodity currencies robust was with the price of oil making a come back.
And for today, The RBA minutes will dominate the show for the cross while the RBA has left rates unchanged at its last policy meeting. However, it was the comments from Stevens that gripped the attention when he said that the price of the Aussie was adjusting to the significant declines in the key commodity prices and markets will be looking for further elaboration on the RBA's position on the currency.
AUD/NZD remains contained by 1.100 to the downside and 1.1300 to the upside since the start of August business. The cross has been stable overnight and in early Asia after the cross slid from the 1.1280 resistance level in London. The kiwi was holding up firmer to the US dollar that managed to advance despite the NY manufacturing index tumbling to -14.9, the lowest in six years, against expectations of a 5.0 advance. Holding the commodity currencies robust was with the price of oil making a come back.
And for today, The RBA minutes will dominate the show for the cross while the RBA has left rates unchanged at its last policy meeting. However, it was the comments from Stevens that gripped the attention when he said that the price of the Aussie was adjusting to the significant declines in the key commodity prices and markets will be looking for further elaboration on the RBA's position on the currency.