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NZD/USD: Another day, another dollar – ANZ

The NZD/USD pair continued struggling as the US dollar is not losing strength. Analysts at ANZ Research comment on the situation of the cross.

Key quotes

“USD strength continued overnight and a test of key NZD support around 0.63 is in sight.” 

“A combination of strong US data and anxiety over COVID-19 are supporting this purple patch for the USD. Whilst we are cognisant of market positioning, there seems little that can turn the USD’s trend around just now.”

“Support 0.6300 Resistance 0.6425”

 

EUR/JPY breaking higher – Commerzbank

EUR/JPY has shot aggressively higher and has eroded the mid-October high at 121.47. Analysts at Commerzbank set the next resistances to watch in the p
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France Markit Manufacturing PMI below forecasts (50.7) in February: Actual (49.7)

France Markit Manufacturing PMI below forecasts (50.7) in February: Actual (49.7)
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