Friday, October 16, 2026

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AUD/USD tracks NZD/USD higher in Asia with market somewhat confused

Strong USD session y'day (DXY+1.2%) saw no follow-through in Asia Exact opposite as moderate US Dollar profit taking kicks in Search for yield however remains strong for real money crowd NZ cash rates a standout at +3.5%…

By Earlence Fernandes
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Strong USD session y'day (DXY+1.2%) saw no follow-through in Asia

  • Exact opposite as moderate US Dollar profit taking kicks in

  • Search for yield however remains strong for real money crowd

  • NZ cash rates a standout at +3.5% - AUS not too shabby at 2.25%

  • If market going sideways for next few months, good place to park spare cash 

 

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team