by Chris Becker
The reaction to the RBNZ’s extended hold at this morning’s interest rate meeting has been swift with everything crushes the Kiwi dollar – starting with the Yen:
Aussie go smash:
Euro smoosh:
Advertisement
Meanwhile, the PBOC has kept the Yuan selloff contained by holding the reference rate tight again, today’s set at 6.8317 compared to yesterday’s 6.8313. This has seen offshore Yuan trading stall as resistance at the 6.90 squeezes price back to tight support at 6.82 or so:
