Economic data due today in Asia – the cupboard is nearly bare.
- South Korean current account … but a bit more coming up in Europe later
One thing I’ll be watching out for is the RBNZ report on August’s FX transactions – which will indicate if there was any intervention. Its due at 3pm New Zealand time … which given the switch to daylight saving time there on Sunday … means 0200GMT
There has been plenty of chatter about that RBNZ did intervene in August, estimates of the amount sold centre on around 250 million NZ dollars. Which isn’t much, but its something and perhaps a signal. Regardless, last week’s bombshell (and more) from the RBNZ continued to fuel speculation about more to come, maybe.
