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22 Mar 2016
Kiwi lower on commodity prices ahead of trade balance - UOB
Analysts at UOB Group noted that NZD lost momentum, weighed by weaker commodity and oil prices.
Key Quotes:
"Meanwhile, the RBNZ said it is investigating an alleged leak of the Mar 10 cash rate decision when the rate was unexpectedly cut by 25bps to 2.25%.
Markets now look to New Zealand’s trade balance data on Wednesday, with the forecast of NZD$57 in February, jumping from NZD$8mn a month ago."
Key Quotes:
"Meanwhile, the RBNZ said it is investigating an alleged leak of the Mar 10 cash rate decision when the rate was unexpectedly cut by 25bps to 2.25%.
Markets now look to New Zealand’s trade balance data on Wednesday, with the forecast of NZD$57 in February, jumping from NZD$8mn a month ago."