NZD –Top performer in Asia, UK CPI, German ZEW – Up next

By FXStreet FXStreet (Mumbai) – The Antipodean currencies extended their upbeat momentum into a second day this session, with the Kiwi emerging the best performer across the FX board. While the USD/JPY pair slipped back below 121 handle on the back of a broadly lower US dollar.

Key headlines in Asia

RBA minutes: Talks up the economy, but maintains scope for further easing

Dairy farmers under significant cash flow pressure – RBNZ

Dominating themes in Asia – centered on JPY, AUD, NZD

A quiet Asian session, with nothing relevant in terms of economic news reported, except for the RBA minutes. The RBA minutes left doors open for further easing on the back of lower inflation outlook, although was largely viewed as turning out to be optimistic on the Aus economic outlook. The AUD/USD pair extended its solid rebound from 0.7160 levels and trades almost 1 big figure higher near 0.7260 on the back of minor-rebound seen in oil and gold prices. Further, upbeat Chinese dataflow released over the weekend also continues to underpin the Aussie.

While its OZ neighbour, NZD/USD emerged the top gainer in Asia and tests 0.68 barrier (seven-week highs) on expectations of another bounce in whole-milk powder at the Fonterra’s dairy …read more

Source:: FX Street