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23 Feb 2015
NZD/USD: Main risk events in focus
FXStreet (Guatemala) - NZD/USD is currently trading at 0.7521 with a high of 0.7548 and low of 0.7487.
NZD/USD remains consolidated below 0.7575 ahead of plenty of risk this week. In the main, we have the Federal Reserve Chair’s semi-annual testimony on monetary policy tomorrow. Markets will be tuning in to understand her foresight in respect t timings of the first rate hike and signals of one as early as June will boost the greenback and this could be the impetus to see the Kiwi off.
However, analysts at Westpac Banking Corporation explained that they see the RBNZ inflation survey tonight as the marquee event, as the markets refuse to contemplate RBNZ easing with robust domestic demand. "The key questions are: is the RBNZ an inflation targeting central bank? Yes. Is inflation heading below zero? Yes. Is the NZD heading north without the RBNZ joining the global easing club? Yes."
NZD/USD remains consolidated below 0.7575 ahead of plenty of risk this week. In the main, we have the Federal Reserve Chair’s semi-annual testimony on monetary policy tomorrow. Markets will be tuning in to understand her foresight in respect t timings of the first rate hike and signals of one as early as June will boost the greenback and this could be the impetus to see the Kiwi off.
However, analysts at Westpac Banking Corporation explained that they see the RBNZ inflation survey tonight as the marquee event, as the markets refuse to contemplate RBNZ easing with robust domestic demand. "The key questions are: is the RBNZ an inflation targeting central bank? Yes. Is inflation heading below zero? Yes. Is the NZD heading north without the RBNZ joining the global easing club? Yes."