August 10, 2012
Rough sailing for the Kiwi yesterday, which got wiped out thanks to a wave of risk aversion. After testing the .8100 handle, NZD/USD eventually clocked in at .8117, marking a 36-pip loss on the day.
Once again, no hard data on tap from New Zealand, but that doesn’t mean you can take a chill pill and hit the movies to catch Bourne Legacy. Make sure you keep an eye on the equity and commodities markets as this could give you a clue as to what direction risk sentiment is headed towards today.
"The only cable I watch is the pound baby."