The forex markets are super thin right now. Even though news just dropped out of New Zealand CPI, the liquidity in the air has disappeared.
New Zealand 4Q CPI close to expectations. The annual figure (1.6%) is highest since 1Q 2012. Still soft compared to the RBNZ target range
— John Kicklighter (@JohnKicklighter) January 20, 2014
Spreads have widened across the board signaling thin market conditions. I got my $GBPNZD orders out of there in a hurry. With US off today and still 45 minutes before Wellington and Sydney open, the sidelines is the best view in kiwi.