Kiwi Lower on Commodity Prices Ahead of Trade Balance - UOB

Kiwi Lower on Commodity Prices Ahead of Trade Balance - UOB

22 March 2016, 19:25
Roberto Jacobs
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Kiwi Lower on Commodity Prices Ahead of Trade Balance - UOB

Analysts at UOB Group noted that NZD lost momentum, weighed by weaker commodity and oil prices.

Key Quotes:

"Meanwhile, the RBNZ said it is investigating an alleged leak of the Mar 10 cash rate decision when the rate was unexpectedly cut by 25bps to 2.25%.

Markets now look to New Zealand’s trade balance data on Wednesday, with the forecast of NZD$57 in February, jumping from NZD$8mn a month ago."

(Market News Provided by FXstreet)

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