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RBNZ To Dictate NZD Direction, Bias Weak

Forex News RBNZ rate decision, statement due this morning will dictate NZD/USD direction but pair looks capped around 0.7540 regardless of central bank outcome, says ANZ Bank; notes freezing of NZ$554 million of investor funds by Hanover Finance, lower commodities and narrowing NZ-US yield differentials weighed on NZD overnight. "Sellers above 0.7550 are arriving and it would take some surprisingly hawkish words from (RBNZ Governor) Bollard this morning to deter them. Tips 0.7470-0.7530 range today, last 0.7516.



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