8 Mar 2016
AUD/NZD supported by Fonterra and awaits RBNZ - ANZ
Analysts at ANZ explained that Fonterra reduced their milk price forecast earlier in the week, sending the AUD/NZD cross even higher.
Key Quotes:
"The RBNZ later this week will be of key focus, with few releases until then. AUD/NZD is now trading above 1.10 with further gains likely if commodity prices remain supported."
Key Quotes:
"The RBNZ later this week will be of key focus, with few releases until then. AUD/NZD is now trading above 1.10 with further gains likely if commodity prices remain supported."