November 18, 2022 02:42 GMT
Outperforming G10 As Asian Equities Advance
NZD/USD prints $0.6159, ~0.5% firmer today.
- Asian equities have risen, as participants have looked past warnings of higher rates to fight inflation by Fed officials yesterday, spilling over into a wider risk appetite generating demand for NZD.
- Gains are stronger for HK bourses at this stage, while positive US equity futures is likely helping at the margin.
- AUD/NZD is trading below NZ$1.09 last printing NZ$1.0890, as NZD outperforms. The cross broke through yesterday's lows as kiwi bulls look to retest lows from 4th Nov at NZ$1.0873.
- The previously mentioned news around Fonterra divesting its Chilean business, may also be helping from a flow standpoint.
Keep reading...Show less