The kiwi is a resilient bird. Despite the efforts of Wheeler to talk it down, it’s a mid-performer this year and has gained 8.6% against neighbouring AUD.
No doubt the comparatively sky-high 2.50% Official Cash Rate is part of the reason for the resilience (just writing that makes me pine for the days of the 8.25% OCR, now THAT was a carry trade). There is zero chance of a move priced into markets today. The decision is at 2100 GMT.
New Zealand OCR
Otherwise the calendar is bare. Earnings after the bell include Visa and CROX (which is a company that has no insight into the global economy but makes some darn comfy shoes).
