Kiwi has Broken 0.7300: Gaining Steam?
Overnight the Kiwi rallied on the back of a weak USD and through our nice channel out the door along with our downside targets. The FOMC sh
Rowan Crosby•Thursday, August 17, 2017•1 min read
Overnight the Kiwi rallied on the back of a weak USD and through our nice channel out the door along with our downside targets. The FOMC shook things up for most of the majors and the NZD didn't miss out.
For now we’ve established price above 0.7300 and we’re grinding higher in Asian trade.
Earlier PPI data was slightly below previous levels, however it had little impact on the currency.
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ABOUT THE AUTHOR
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Rowan Crosby
Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
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