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NZD: Still hostage to USD direction - ANZ

In view of analysts at ANZ, NZD is still hostage to USD direction with the Fed minutes, sharp fall in US 10 year bond yields and cessation of Trump’s Manufacturing Council (of 28 CEO’s, 12 had resigned) undermining the greenback.

Key Quotes

“We continue to favour fading strength, backing firmer data signals to ultimately provide support to the USD.

“Support 0.7260 Resistance 0.7360”

EUR/USD - Will ECB minutes re-establish the uptrend, Descending triangle noted?

EUR/USD found takers at the 20-day low of 1.1681 and ran into rising trend line hurdle after the Fed minutes released in the NY session showed growing
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Australia: Fifth consecutive solid update on the pace of employment growth - Westpac

Justin Smirk, Research Analyst at Westpac, notes that the Australia’s July Labour Force Survey provided the fifth consecutive solid update on the pace
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