Asian equities retraced overnight, after solid gains in Europe and NY yesterday. RBA left rates unchanged & the statement was no different from last time. Aud benefitted from this stance, as the market was positioned for worse news. Regarding NZD instead, NZIER Q3 Business Opinion Survey came out very weak, suggesting one more RBNZ rate cut for 2015. Kiwi held it's ground on this however.
Not much to say going into today: dull EU morning, with European Finance ministers meeting. This afternoon during the NY session we'll see the IVEY PMI & Trade balance for Canada, and then after the European close, ECB's Draghi & FOMC's Williams will be speaking.
Charts for today are the same a yesterday (Nzd strong, Cad strong, Gbp weak) with the addition of EurNzd:
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