The Reserve Bank of New Zealand heads, as reported by LiveSquawk, had been commenting on the New Zealand economy and interest rates a little earlier
- RBNZ’s Orr: NZ is doing ‘well relative to rest of the world’.
- RBNZ’s Bascand: See interest rates being low for some time.
There has been little take-up on the headlines elsewhere so far and certainly, no regard to them in today’s price action as NZD/USD remains steady following a surge due to US dollar weakness and keeping in tow with its sister currency, AUD:
- Australian Q3 GDP Preview: Data could cement further rate cuts from RBA and weigh on AUD