28 May 2014
Asia Recap: Kiwi pressured on weaker NZ business confidence
FXStreet (Bali) - Another day of consolidation in the Asian session, with the New Zealand Dollar the only mover following disappointing local data.
NZD/USD traded under pressure on a downbeat NZ business confidence read, which despite remainign well above the 50% handle (53.5 was the result), it plummeted if compared to April's print of 64.8%. The exchange rate saw its lowest for the session at 0.8533 after a high of 0.8570.
The rest of G10 currencies traded confined in very small familiar ranges, with the Asian economic calendar failing to stimulate greater moves.
Main headlines in Asia
BoJ: Calls for a QQE exit strategy too premature
Fonterra's milk price forecast for 2014-15 above expectations
BoJ Kuroda: Expectation management critical for economic recovery
Fed's Lockhart: Transition to rate increases will need careful execution
Australia Westpac Leading Index (MoM) down to -0.5% in April from previous 0%
NZ business confidence on the slide
Australia Construction Work Done came in at 0.3%, above expectations (-0.2%) in 1Q
NZD/USD traded under pressure on a downbeat NZ business confidence read, which despite remainign well above the 50% handle (53.5 was the result), it plummeted if compared to April's print of 64.8%. The exchange rate saw its lowest for the session at 0.8533 after a high of 0.8570.
The rest of G10 currencies traded confined in very small familiar ranges, with the Asian economic calendar failing to stimulate greater moves.
Main headlines in Asia
BoJ: Calls for a QQE exit strategy too premature
Fonterra's milk price forecast for 2014-15 above expectations
BoJ Kuroda: Expectation management critical for economic recovery
Fed's Lockhart: Transition to rate increases will need careful execution
Australia Westpac Leading Index (MoM) down to -0.5% in April from previous 0%
NZ business confidence on the slide
Australia Construction Work Done came in at 0.3%, above expectations (-0.2%) in 1Q