Forex news for Asia trading Thursday 10 September 2015
China
New Zealand
Australia
Japan
– S
The day got started with a bang from the RBNZ when they delivered the widely expected rate cut. Along with this they cut their outlook for the NZ economy and gave the currency a kick lower via calling for further NZD depreciation. The NZD cascaded lower, more than a big figure in the minutes following the announcement. It stabilized a little and then extended its fall. Today was a huge kicking for the NZD. Broad selling, its lower on any cross you care to think about (did anything lose more than the NZD today?)
ForexLive Asia FX news wrap: RBNZ cuts rates, outlook & jawbones NZD lower
