Down 4.1 points from October
BNZ Senior Economist Craig Ebert comments:
- the PSI's 3-month running average was below the 50 breakeven level in November, with a reading of 49.2. This paints a picture of momentum lost, after a couple of months of solid rebound in June and July
NZD is up a few points to kick off the week, as is AUD.
The big mover is GBP, GBP/USD is circa 1.3367 as fresh hope on a Brexit trade deal takes hold. And on a thin liquidity jamming pf the shorts of course.
