We've had plenty from the Reserve Bank of New Zealand today: Monetary Poliy Statement, press conferences ...
But its the it's the remarks from Assistant Governor McDermott that are the talk of the (FX) town
- RBNZ's McDermott: If NZD TWI moves up, expect different language from the Bank
- RBNZ's McDermott: Expect NZD to ease as Federal Reserve raises rates
Being read as not so subtle jawboning from the Bank
Leveraged funds have been notable sellers - much of it establish and/or add to short positions (now with stop loss buys clustered above 0.7260) ... which sorta makes sense in looking at today's price moves:
