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NZD/USD rising, yield slip post-Empire data hits USD

  • NZD/USD rising as US Treasury yield slip post-Empire data hits USD

  • Near 0.7005/10, gains a bit tempered as AUD/NZD nears 1.1100

  • Chance of RBNZ cut now above 50%, Wheeler concerned with milk prices

  • Bears lurk, spec offers near 0.7025, more into 0.7035/40 then 0.7075/80
  • Fonterra auctions tomorrow, could help keep rallies in check

  • Long-Term bears eye May 2010 low 

  • Market Data
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