17 Dec 2015
Antipodeans rounded up post FOMC - Westpac
FXStreet (Guatemala) - Sean Callow, analyst at Westpac noted the movements in the Antipodeans .
Key Quotes:
"AUD/USD was around 0.7225 as the FOMC statement and forecasts were released. Its first move was to dip as low as 0.7177 but it had rebounded as far as 0.7280 in the early stages of Yellen’s press conference. NZD/USD followed a similar pattern in a 0.6717-0.6834 range, sitting at 0.6785 after the press conference.
A 20 pip bounce in NZD/USD following the slightly above-consensus NZ Q3 GDP report was soon unwound. The 0.9% q/q rise matched Westpac’s forecast but Q2 was revised down slightly to leave the y/y rate at 2.3% as expected. AUD/NZD was choppy but overall a fraction firmer at 1.0665."
Key Quotes:
"AUD/USD was around 0.7225 as the FOMC statement and forecasts were released. Its first move was to dip as low as 0.7177 but it had rebounded as far as 0.7280 in the early stages of Yellen’s press conference. NZD/USD followed a similar pattern in a 0.6717-0.6834 range, sitting at 0.6785 after the press conference.
A 20 pip bounce in NZD/USD following the slightly above-consensus NZ Q3 GDP report was soon unwound. The 0.9% q/q rise matched Westpac’s forecast but Q2 was revised down slightly to leave the y/y rate at 2.3% as expected. AUD/NZD was choppy but overall a fraction firmer at 1.0665."