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

Written by: Rowan Crosby • Thursday, August 17, 2017 • 1 min read

• Last updated: Thursday, August 17, 2017

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.

Kiwi 73 cnets

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ABOUT THE AUTHOR See More

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.