Friday, October 16, 2015

NZD/USD just going on the upside - UOB

FXStreet (Guatemala) - Analysts at UOB Group explained that NZD/USD has been outperforming of late on fundamentals.

Key Quotes:

"...After poor US retail data dampened hopes for a 2015 Fed rate hike, whilst earlier comments from RBNZ Governor Wheeler were seen as more hawkish than initially interpreted.

Further supporting the pair was data which showed consumers’ expectations towards the economy continued to improve. The ANZ consumer confidence index rose 3.7% in October to 114.9 and 110.8 in September. The only negative part of the survey was that a fewer people thought they were better off financially compared with a year ago, whilst expectations of financial positions in one year’s time were largely stable."
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