AUD,NZD/Flows and Orders/FXWW News

Little change in NZD after CPI

NZD/USD is still trading around .7800/10 after fairly benign CPI data showed that inflation is still well under control. AUD/NZD is trading quietly around 1.1650 and the lack of bounce in this pair in recent days suggests that a test of 1.1500 is likely sooner rather than later.

Another note of interest is that our hedge fund insider @FXWW888 reported overnight on Twitter that Asian central banks had been selling NZD/USD.

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