The Reserve Bank of New Zealand has been the centre of focus today!
It all started with the OCR decision announced at 3pm NY time and the NZD slide and focus has carried on through the whole session:
All the news etc since the announcement:
- More on the RBNZ McDermott interview
- RBNZ's McDermott says uncomfortable with level of the NZ dollar
- More from RBNZ's Wheeler: Cash rate likely to stay low
- Analysts react to the RBNZ decision
- Live stream of the RBNZ press conference
- NZZDUSD initial move is lower after decision
- Full text of the RBNZ statement
- New Zealand dollar quickly lower on the OCR decision
- RBNZ holds rates at 1.75%, as expected
- & ...Wheeler's press conference, highlights here
The Wall Street Journal have taken a different angle, looking at Wheeler's comments from the perspective of the US:
- Said comments from the Trump administration calling for higher tariffs on imports from China and Mexico would only increase prices in the U.S. and force the U.S. Federal Reserve to clamp down through tighter policy
