NZD breaks to a fresh session high - export price resilience, Orr comments helping it along

Author: Eamonn Sheridan | Category: News

Earlier data out of NZ on terms of trade confirmed they are at their highest ever

Good prices and (relatively) resilient exports provide the NZ economy with a buffer.

Mix in RBNZ Governor Orr shrugging his shoulders on NZD strength:
Around the policy announcement a couple of weeks ago RBNZ officials attempted to jawbone the NZD lower ... Of course some longs would have bailed leaving the market not as long as it was and opening up the topside a little.

NZD taking further advantage today:
Earlier data out of NZ on terms of trade confirmed they are at their highest ever
ps. Hope you didn't miss this post:
For bank trade ideas, check out eFX Plus
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose