Asian Session - RBNZ Cuts Rates
Market Brief The Usd continued its strong run in Asian session as oil continued to sell-off to 6 week lows. The EurUsd fell to 1.5670 in early Asia. It attempted a weak rally above 1.5700 before slipping back to near session lows. The UsdJpy is pressuring the 108.00 resistance and NzdUsd collapsed on the RBNZ rate decision, trading down to 0.7418 (the last remaining support stands at 0.7385). The Usd buying had neutralizing effect on carry trades, with the EurJpy trading between 169.10 -
Original post by Fundamental Market View