In very quiet (holiday-induced) overnight markets the NZD/USD consolidated around the 0.8090 level. In the absence of domestic data releases, and in the backdrop of US and UK public holidays, the past 24-hours have been fairly uneventful for the NZD. It looks to be more of the same today, with no data scheduled on either side of the Tasman. However, keep an eye out for Fonterra’s announcement on its 2013/2014 forecast payout in the next couple of days.
Click here to read the full report: FX Daily
BNZ