AUD Dollar FX trader
(Action Economics) - 20-Feb-12 05:59 - AUD-USD headed up to 1.0815 highs after it started the Asian session more than 70 pips above Friday's 1.0709 closing levels.
China monetary easing and optimism over Greece fueled demand from leverage accounts, which forced the run over 1.0800, but it struggle to clear significant offers from Asian commercials, along with standing interest on local name order books, which forced it back to 1.0760 during the Asian afternoon.
NZD-USD saw similar action and headed up to 0.8426 highs, but edged back to 0.8385 after the Tokyo open as buying momentum ran out of steam.
NZ PPI data saw a moderation in input and output prices, which backed expectations for a steady hand from the RBNZ in the foreseeable future.
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