Good day everyone,
It will be interesting to see whether Mr Wheeler has merely just caught the markets off guard (central banking tactics at their best if so) or whether investors will shrug off this warning shot, say thanks and resume piling back in to the Kiwi at better levels.
Little of note on the data front in this session but given the reaction to yesterday’s better German factory orders the markets will be looking for a decent industrial production number from them later at 10.00 GMT.
Apart from that, and the usual risk of tape bombs of course, it looks like we’ll have a range bound morning ( famous last words hopefully! ).
Good luck out there.
