Forex - NZD/USD, AUD/NZD Flows: AUD/NZD bid despite trade miss


 06:51 (GMT) 07 Dec

  [Forex Flows]

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NZD/USD, AUD/NZD Flows: AUD/NZD bid despite trade miss (0100-VRCS-C01)

Legislation just introduced to Parliament will prevent multinationals from avoiding tax by shifting profits out of New Zealand, Revenue Minister Stuart Nash said today. Kiwi the worst performer so far today among the majors, down close to 0.5% with NZD/USD near day low. Despite horrible trade balance data in Australia, Aussie remains firmer of the two as it recovers from beneath 1.10.


Forex - USD/JPY, EUR/JPY Flows: Kuroda and Abe silent on next BOJ Governor


 04:55 (GMT) 05 Dec

 [Forex Flows] [Central Banks]

BOJ Governor Kuroda met with PM Abe, but didn't discuss the next BOJ Governor as the incumbent's term ends next April. Instead, they talked about global economy doing well and financial system stable. Earlier today, Japan 10-yr bond auction saw more supply, pushing yields higher. Nikkei recovering earlier losses from tech rout, as USD/JPY carefully grinds higher above 112.50.


Forex - AUD/USD, AUD/NZD Flows: No surprises in rate and tone extends Aussie strength further


 03:43 (GMT) 05 Dec

 [Forex Flows]

RBA leaves cash rate target on hold at 1.50% as forecasted. The Bank records the longest stretch of keeping interest rates on hold at 1.50% for the 15th consecutive meeting. RBA remains positive that inflation and growth will pick up, not a news though. AUD/USD lifted modestly on RBA, but met resistance above 0.7645. A volatile session for AUD/NZD that sees two-way actions forming a nice upward channel intraday.


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