NZD/USD: 1 cent range after GDT index - ANZ

Analysts at ANZ explained the the expected range in NZD/USD is 0.6530 – 0.6640.

Key Quotes:

"NZD/USD fell yesterday as markets looked to the RBNZ expectations survey. While we think the market is wrong to unduly focus on this measure, markets clearly have a view that the low result will feed into RBNZ thinking."

"The GDT auction was better than implied by NZX futures, but still negative. US data disappointed, but the USD held up well overnight"

Feb 17, 2016

EUR/JPY: awaiting 4hr 100/200 sma crossover - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the EUR/JPY pair turned south this Tuesday, as the Japanese yen recovered its charm on renewed risk aversion, and the EUR maintained a weak tone against all of its major rivals.

Lower Yuan fix a setback for risk appetite

The higher USD/CNY fix by the PBOC today, coming at 6.5237 vs 6.5130 last fix, has sent risk assets into a tail-spin, as a lower Yuan fix is being perceived as desperation by the Central Bank to stimulate the economy amid collapsing trade figures last January, which at the same time may lead to an increase of capital outflows in China.