NZD falls after RBNZ Governor Orr delivers statements, JPY and USD rise as safe haven plays, Europe’s equity markets fall as global trade fears return.
In the Sydney-Asian trading session, the Kiwi dollar fell as the RBNZ broadcast its financial stability report, thereafter, Governor Orr orchestrated a press conference and appeared before a parliamentary committee, to explain the central bank’s decision making. As a consequence of the detail, FX analysts downgraded the Kiwi and traders sold off the currency, versus […]