Daily FX Wrap and Strategy

The NZD/USD inched a little higher on Friday night, but remains within the tight range it has traded for the past fortnight or so. It ended the week at 0.8320.With no significant domestic data releases to end the week the market remained focused on US fiscal developments. Here, the market remains in limbo as no break-through has been forthcoming. This saw the NZD/USD trade a tight 0.8310-0.8350 range on Friday night. More broadly the NZD/USD remains within the 0.8200-0.8350 range that has contained it in recent weeks.

Read the full report: FX Daily

 

BNZ