The week continues to be quiet in terms of trading and economic news. BoE and RBNZ will announce its Financial Stability reports. The kiwi had an extremely bullish run against major currencies, whilst the greenback traded mixed versus the G10 basket.
Sterling is awaiting the today’s report for having a more volatile movement.
The currency with the best performance yesterday and early this morning was the New Zealand dollar, as it drove the NZD/USD pair sharply higher, surging more than 1%. Domestically markets will be watching for the Reserve Bank of New Zealand’s six-month financial stability report later today, while Finance Minister Grant Robertson will have a speech on Friday for any insight on the new government’s economic plans. The weak U.S. dollar also helped the kiwi to jump higher as it continues the neutral movement against most of the majors currencies.
Read the full financial markets daily report on JFD Research.