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31 Jan 2016
The week ahead for the New Zealand dollar - ANZ
FXStreet (Guatemala) - Analysts at ANZ noted the conditions surrounding NZD/USD and explained that the main focus will be on labour markets.
Key Quotes:
"The NZD initially took the news of BOJ slashing interest rates in stride, spiking to 0.6540, however from there the pair slowly grinded down to virtually unchanged. US Q4 GDP data were broadly in line with expectations highlighting a soft finish to the year.
Locally, today we will get net-migration which is expected to be a domestic support for NZD, but the real focus will be on Wednesday’s labour market statistics. Globally, China’s manufacturing PMI will be watched closely. Expect NZD to be range bound through the morning before global events bring added volatility."
Key Quotes:
"The NZD initially took the news of BOJ slashing interest rates in stride, spiking to 0.6540, however from there the pair slowly grinded down to virtually unchanged. US Q4 GDP data were broadly in line with expectations highlighting a soft finish to the year.
Locally, today we will get net-migration which is expected to be a domestic support for NZD, but the real focus will be on Wednesday’s labour market statistics. Globally, China’s manufacturing PMI will be watched closely. Expect NZD to be range bound through the morning before global events bring added volatility."