RBA | World Market Update

Kiwi steady over weekend

September 1st, 2009

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 »

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Kiwi Steady As Markets Settle

March 18th, 2009

The Kiwi starts today in a very similar position to yesterday’s opening levels after a day of range-bound trading.

With no major data releases for the rest of the week, the Kiwi was forced to follow the market during the local session, which saw little movement. Little was gained from the release of the RBA’s minutes from their meeting earlier this month – the document showed that the RBA was content to adopt a wait-and-see approach towards the effects of its previous easing, and offered no real insight to the timing and scale of future movements. Read Full Article »

Share this article: | tags:kiwi, rally, RBA, Trade Balance

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RBA - World Market Update