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Kiwi clanger: RBNZ releases wrong statement, $NZ falls a cent

A blunder by the Reserve Bank of New Zealand cost the $NZ about a cent this morning, but everything is back to normal now.

The central bank accidentally released its September 25 statement on changes to the circulation of its trade weighted index instead of the new one. 42 more words

New Zealand

Update on Kiwi, RNNZ on hold as expected...

The Kiwi has remained under pressure against the greenback since the middle of July when it flirted with its 3-year resistance at 0.8840. Since then, we saw a lower than expected CPI that printed at 1.6% in Q2 on July 15 (vs 1.8% expected) followed by a dovish stance from RBNZ policymakers on July 24th. 214 more words

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