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19 Sep 2013
Flash: NZD/USD driven on Fed - TD Securities
FXstreet.com (London) - FXstreet.com (London) - Research teams at TD Securities noted the currencies most driven by the Fed.
Key Quotes:
"A lot of the biggest movers over the past week have been driven by the Fed’s decision not to taper with US 2 year yields moving over 2.5 standard deviations".
"Both the NZ stock market and NZD were among the top performers this week as we received some decent GDP and current account data and NZD assets gained due to their high beta status".
Key Quotes:
"A lot of the biggest movers over the past week have been driven by the Fed’s decision not to taper with US 2 year yields moving over 2.5 standard deviations".
"Both the NZ stock market and NZD were among the top performers this week as we received some decent GDP and current account data and NZD assets gained due to their high beta status".