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24 Nov 2015
NZD/USD: Shy bounce along with commodities - ANZ
FXStreet (Bali) - NZD/USD remains under pressure despite a commodity bounce and a general underperformance of US data, notes the ANZ Research Team.
Key Quotes
"While markets were focused on the expedited FOMC meeting to consider the Fed discount rate – different to the Fed funds rate! – US data underperformed with the Markit PMI dropping 1.5pts and existing home sales underwhelming. US Q3 GDP, Richmond Fed, and consumer confidence will drive USD tonight. Expected range: 0.6490 – 0.6610."
Key Quotes
"While markets were focused on the expedited FOMC meeting to consider the Fed discount rate – different to the Fed funds rate! – US data underperformed with the Markit PMI dropping 1.5pts and existing home sales underwhelming. US Q3 GDP, Richmond Fed, and consumer confidence will drive USD tonight. Expected range: 0.6490 – 0.6610."