Kiwi in the news as rates seen bottoming out

Sean covered this in Asia but it’s worth noting that NZD is attracting more buzz than usual today on the idea that the RBNZ may have finished slashing interest rates, giving the Kiwi an attractive 3% short-term yield in a world where overnight rates are often measured in basis points. The flightless bird is consolidating gains in the 0.5780s after reaching 0.5801 earlier in the day.

My old boss from ABN and ING days is quoted in the accompanying piece.