NZD/USD awaits key events this week in China, Aus and US - ANZ

Analysts at ANZ explained that despite more USD supportive comments from the White House and a risk-off tone in markets, this did little to dent the NZD’s appeal. 

Key Quotes:

"The news flow heats up into the end of week with a lot of focus offshore. There is President Trump’s State of Union speech, which is expected to focus on trade, migration and infrastructure. 

The recently more pragmatic view on trade could be USD negative. The bar for Australian Q4 CPI has been set fairly high at 0.7% q/q; a downside surprise would see 2018 rate hikes reassessed (current a hike by October is ~80% priced) weighing on AUD and NZD. 

China’s manufacturing PMI could moderate from recent highs similar to elsewhere, which could also weigh on AUD and NZD. So buckle-up!"