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 ?