The Kiwi had a rough night as a general feeling of gloom returned to the market following the UK and EZ interest rate announcements.
The local session was dominated by thoughts of the impending rate cuts and the Kiwi gave up most of its gains from the previous evening as sentiment started to wane. What little support the Kiwi finds has been tempered by expectations towards next week’s RBNZ OCR announcement, for which the market has priced in a 0.5% cut. Read Full Article »
