Asian Market Update: RBNZ Holds OCR, Sending NZD Lower, China HSBC Final Manufacturing PMI ...

11:16 PM No Comments

Risk-off sentiment stemming from the losses on Wall St, as well as a less hawkish than expected RBNZ statement and soft China PMI, are weighing on AUD and NZD currencies. NZD/USD hit 4-week lows of $0.8170, falling nearly 100pips in the aftermath of the RBNZ overnight cash rate decision. AUD/USD



Continue Read...