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NZD Dollar
NZD is the biggest mover today among the major currencies losing more than 100 pips against most of the majors.
Reserve Bank of New Zealand (RBNZ) revealed that it was considering policies to curb investor activity in the housing market. RBNZ statement said that they have begun a consultation period with the public to seek a viable definition of a property investment loan.
Markets viewed the RBNZ move would likely delay the need for future interest rate hikes, with potential curbs on housing i…
Reserve Bank of New Zealand (RBNZ) revealed that it was considering policies to curb investor activity in the housing market. RBNZ statement said that they have begun a consultation period with the public to seek a viable definition of a property investment loan.
Markets viewed the RBNZ move would likely delay the need for future interest rate hikes, with potential curbs on housing i…
Aussie Dollar Soars as RBA Withholds Rate Cut
The Australian Dollar gained since yesterday, rising more than 0.5 percent on average against its leading counterparts, after the RBA unexpectedly decided not to cut interest rates again at yesterday’s monetary policy meeting.
Economists were expecting a 25bps reduction with the probability of further easing at 60 percent. RBA Governor Glenn Stevens left the door open to future stimulus expansion however, saying the RBA will “assess the case for such action at forthcoming meetings”.
Aussie is …
Economists were expecting a 25bps reduction with the probability of further easing at 60 percent. RBA Governor Glenn Stevens left the door open to future stimulus expansion however, saying the RBA will “assess the case for such action at forthcoming meetings”.
Aussie is …