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Kiwi out of love - NZDUSD remains at the......>

FOREX
FOREX: Kiwi out of love
- NZDUSD remains at the bottom of the G10 pile with losses of 1.95% against the
USD after the RBNZ pushed out expectations for a rate hike to December 2020. The
move triggered NZD weakness across the board, printing multi-year lows of
$0.6612. AUDNZD spiked through NZ$1.1100 to NZ$1.1175, while NZDJPY eased to
Y73.40, before stalling around downtrend channel support.
- Investors moved into safe-havens through NY amid a backdrop of rising
geopolitical and trade tensions. Jpy crosses witnessed sharp losses, adding
weight to the majors.
- EURJPY breached cloud base support to Y128.21, the move pressured EURUSD to
$1.1549 with the Aug6 low at $1.1530 now in focus.
- GBPUSD's recovery stalled ahead of trendline resistance at $1.2900 with the
subsequent reversal extending to fresh 11-month lows of $1.2836.
- USDCHF briefly traded through Chf0.9900 for the first time since Jul31, before
staging a minor recovery to the Chf0.9920/25 area.
- AUDJPY led sales pressured AUDUSD through $0.7400 to $0.7382.
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