Australia Westpac Leading Index (MoM) rose from previous -0.2% to -0.1% in February

FXStreet.com (Barcelona)

Mar 19, 2014

NZD/USD RSI signifies overdone

NZD/USD has been a relentless player on the bid since the RBNZ raised rates last week and reiterated the need for continuing tightening.

Australia's Westpac leading index has muted response on AUD

Australia's Westpac/Melbourne Institute (MI) Leading Index for February came at -0.1% m/m vs a downward revision of -0.1% in the previous reading. Market participants don't usually pay much attention to this report as most of the indicators it uses for calculation were released earlier on the month.