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23 Apr 2015
Price action overnight in AUD and NZD - Westpac
FXStreet (Guatemala) - Post a sell off in the NZD today in Asia, it is worth noting the action overnight in AUD and NZD. Analyst Sean Callow offered the price movements.
Key Quotes:
"AUD price action was disappointing given the surge in iron ore prices and the bounce on the slightly higher than expected Q1 CPI."
"AUD/USD rallied as far as 0.7807 in the London morning but then began a descent to 0.7745 in early Sydney."
"AUD outperformed the kiwi, AUD/NZD pushing up to 1.0135 in Sydney, versus 1.0065 pre-CPI. NZD/USD joined AUD and EUR in rallying into the London morning, reaching 0.7738 but the fell steadily, to 0.7645."
Key Quotes:
"AUD price action was disappointing given the surge in iron ore prices and the bounce on the slightly higher than expected Q1 CPI."
"AUD/USD rallied as far as 0.7807 in the London morning but then began a descent to 0.7745 in early Sydney."
"AUD outperformed the kiwi, AUD/NZD pushing up to 1.0135 in Sydney, versus 1.0065 pre-CPI. NZD/USD joined AUD and EUR in rallying into the London morning, reaching 0.7738 but the fell steadily, to 0.7645."