NZDUSD, AUDUSD Tumble to Support. RBNZ, RBA Rate Cut Bets Deepen

//NZDUSD, AUDUSD Tumble to Support. RBNZ, RBA Rate Cut Bets Deepen

The pro-risk Australian and New Zealand Dollars are aiming lower in morning Friday trade as the anti-risk Japanese Yen gains. At first glance, this appears to be a case of general risk aversion, but stocks are aiming cautiously higher looking at APAC equities. Furthermore, S&P 500 futures are pointing to the upside heading into European and US trading hours. NZD’s decline with local front-end government bond yields was initiated by dismal New Zealand Manufacturing PMI below. Growth clocked in at a snail’s pace, just 50.2 in May versus 53.0 prior. That was the softest pace of expansion since December 2012 and follows a … (full story)

2019-06-14T11:11:58+00:00