Just an update
The USD weakness really kicked off in Asia on the news of the confrimed failure of the US healthcare bill
EUR and yen in particular benefitted from the news.
Earlier in the session the NZD was marked down on a below expected inflation result
- A flat inflation rate q/q for New Zealand - what it means for the RBNZ
- New Zealand inflation data for Q2: CPI 0.0% q/q (expected +0.2%)
but its since come back to where it was, and extended higher.
Since the US news the AUD has received a kick in the pants from RBA Minutes - these are being read as much more upbeat than the Statement that accompanied the decision they refer to.
- RBA July meeting minutes recap - upbeat comments help AUD higher
- RBA July meeting minutes - says again rising AUD complicates rebalancing
Anyway, this post is in danger of turning into a mini-wrap .... os here are updated rates:
