19 Jan 2015
NZD/USD fails to hold above 0.7800
FXStreet (Córdoba) - NZD/USD failed to sustain gains above 0.7800 and pulled back to trade nearly flat on the day as markets take a breather following last week’s sharp moves.
Kiwi peaked at 0.7807 during the European session but was unable to hold above the psychological level and slid toward a session low of 0.7777 before finding support. At time of writing, NZD/USD is trading at the 0.7785 zone, just a few pips above its opening price.
With the calendar empty for the rest of the day, attention turns to Fonterra milk auction Tuesday, before New Zealand Q4 inflation data on Wednesday Asian session. Consensus points to a 0.9% YoY CPI growth versus 1.0% printed the previous quarter.
Kiwi peaked at 0.7807 during the European session but was unable to hold above the psychological level and slid toward a session low of 0.7777 before finding support. At time of writing, NZD/USD is trading at the 0.7785 zone, just a few pips above its opening price.
With the calendar empty for the rest of the day, attention turns to Fonterra milk auction Tuesday, before New Zealand Q4 inflation data on Wednesday Asian session. Consensus points to a 0.9% YoY CPI growth versus 1.0% printed the previous quarter.