Thin market conditions and a lack of mark moving economic data and events have kept NZDUSD fairly closely pinned to 0.7300 in Asia. We’re expecting more of the same conditions tonight with market closures in Germany, France, Switzerland, the UK and US. This may keep NZDUSD within a fairly tight range for the time being, although thin markets are notoriously unpredictable. The US dollar was propelled higher at the end of last week by some hawkish comments from Fed Chair Yellen (see: Japan’s mixed trade numbers and Yellen lift USDJPY), which helped push NZDUSD to its current trading range around 0.7300. Apart from the ... (full story)