We've now seen 0.7910 posted from the post-capex lows below 0.7840
Plenty of bemused traders in our comments section as to why the pair has rebounded in such resounding fashion but there's nothing particularly that I can find out there to explain the move
Here's a few suggestions
- softer USD sentiment generally
- interest rate yield attraction
- option expiries at 0.7885,0.7900 today ( but these aren't particularly large)
- market caught short after capex and rushing to cover in these fickle times
NZDUSD has also got a bid in it too so but AUDNZD is up a little from its lows so one could be driving the other but doesn't really account for the moves tbh
Anyone else out there got any clues/reasons/stabs in the dark ?