NZD/USD biggest mover after RBNZ Financial Stability Report

NZD/USD was one of the biggest movers in the Asian session after the RBNZ Financial Stability Report. The pair was quite volatile in reaction to the report, falling hard to $0.7316 before surging to $0.7411. The market already short NZD into the release, helped it higher later, to peak at $0.7420. However, RBNZ Governor Wheeler comments weigh and there is speculation for a June rate cut.

EUR/USD opened in Asia at 1.1214, higher on the German Bund yield rise. There was a dip to 1.1209 early then a move up to 1.1245. Today there is a busy calendar, with data that would impact the euro. Focus will be on Eurozone national GDP data and Eurozone March industrial output.

GBP/USD was steady between 1.5660-83 in Asia, hitting a high 1.5710. Tuesday’s stronger UK industrial output data helped the pound. Today is a big day in terms of data. UK employment and the Bank of England quarterly Inflation Report and BoE Mark Carney’s speech are all very important to look out for.
EUR/GBP was steady between 0.7155-70.

USD/CHF was off modestly from 0.9298 to 0.9272 in Asia, the market was thin.
EUR/CHF was quiet, trading in Asia between 1.0419-27.

USD/JPY was heavy in the Asian session, trading a range of 119.70-120.10. The Japan current account surplus helped support the yen. EUR/JPY started quiet then rose up to 134.97. US retail sales are in focus later today.

AUD/USD opened in Asia at 0.7975 then saw see-saw action.

The post NZD/USD biggest mover after RBNZ Financial Stability Report appeared first on Forex Circles.

Source:: NZD/USD biggest mover after RBNZ Financial Stability Report

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