New Zealand 3Q RBNZ Inflation Expectations (YoY) up to 2.4% vs 2.1%

Aug 20, 2013

NZD/JPY plummets below 78.50 following RBNZ Wheeler statements

The NZD/JPY foreign exchange cross rate is last quoted at 78.17 bids, off recent session and weekly lows at 78.02 following RBNZ Wheeler's comments on how overvalued and unsustainable at current rates the Kiwi is.

Losses across Asia

Asian stocks are trading with losses with major indexes tracking the poor performance from the S&P, which accumulates 4 losing days, the first time that happens since mid June this year.