Forex news for Asia trading Tuesday 04 August 2015
Australia & New Zealand ahead of the RBA meeting:
And …
AUD and NZD were active in late New York/early New Zealand trade today, with talk of 1.8bn NZD sold against the AUD. AUD/NZD had a good-sized gain during this time. NZD/USD then drifted more or less sideways, while the AUD/USD retraced much of its early gain. Much better than expected retail sales data from Australia lit a fire back under the AUD, it jumped from around 0.7270 to 0.7295 (OK, not a big fire) before settling sideways again.