AUD/USD and NZD/USD are under their overnight lows now
We've just had the New Zealand pre-Election Economic and Fiscal Update (PREFU) released: New Zealand - pre-Election Economic and Fiscal Update (PREFU) out now
GDP estimates and budget surplus forecasts further out were both trimmed back a little (the budget surplus for this year was increased), which seems to be enough of an excuse to hit a few bids in the kiwi ... and washing over into the AUD
The move overnight in AUD and NZD was lower, so there is an element of continuation in this move. The NZ update is still showing a robust economy.
