NAB survey shows business conditions at six-year low; currencies, ASX decline
NAB business conditions hit six-year low; ASX, AUD, NZD soften; RBA hike probability high.
3 h ago17 min read
NAB business conditions hit six-year low; ASX, AUD, NZD soften; RBA hike probability high.
Hansen's remarks contained no new information, so NZD didn't move. A flat currency response to central bank comments signals either that or a market that had…
NZD/USD fell after RBNZ comments confirmed a gradual tightening path, with key support at 0.5890 and 0.5840.
US dollar strengthens after Warsh's hawkish speech; NZD/USD pulls back. RBNZ expected to hike to 2.75%. Markets eye upcoming data and RBNZ decision.