Its been an active morning already for the NZD and AUD .... plenty of news about:
- Breaking news : China cuts benchmark lending rates by 0.25%
- PBOC says latest interest rate cut should not be viewed as QE
- ANZ says RBNZ will cut rates in both June and July
- Goldman Sachs says China growth has troughed, government can push short-term growth (and more on this)
- China Securities Journal: PBOC still has room to ease monetary policy
- Not to mention the Greek situation, which appears to be turning ugly ....
Anyways ... orderboards:
AUD/USD
- Sellers 0.7950/60, 0.7990/00
- Buyers 0.7850/60/70, mingled with stops below 0.7860
Currently 0.7917
-
NZD/USD
- Sellers 0.7490/00
- Buyers 0.7400/15, close to current market .... stops again below 0.7400
Currently 0.7417