Today’s Commentary
The Kiwi starts today steady against the majors after a quiet day yesterday as the markets wait for this afternoon’s RBA decision.
The local session saw the currency slip back as weak regional stock market performances kept investor dollars elsewhere. The release of positive news did little to shift the market from its course, as the NBNZ business confidence survey saw 26% of respondents expecting their business performance to improve in the next 12 months. The result wasn’t a surprise to the market (it’s the 6th month in a row of gains for the survey), Read Full Article »
