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Forex News for trading in Asia Wednesday, February 13, 2019
RBNZ (read messages from last):
A sizeable move for the New Zealand dollar when the Reserve Bank of New Zealand announced its monetary policy statement. The MPS was not as accommodating as expected by the markets, and the NZD shorts were sent forward, the kiwi just above 0.6820 before settling down slightly. RBNZ Governor Orr then spoke at his press conference, reiterating his prospects less than dovish. The kiwi had another move higher, this time over 0.6840 where it stays as I update.
Somewhere else:
The AUD was driven upward by the announcement of the RBNZ, not to the same extent. AUD / USD above 0.7120 then above 0.7130 as Orr said.
Currencies at all levels (except the yen) also increased. The DAC performed well as a result of its gains in the European and US sessions. The hopes were exacerbated by the conclusion of a trade agreement between the two countries, especially when Chinese President Xi meets Mnuchin and Lighthizer on Friday.
Fed representatives Mester and George also welcomed the FOMC break.
Still to come:
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