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Market News

ForexLive European morning news wrap: Kiwi falls on a quiet Monday


It's been a dull session, as is usually the case on a Monday, however the low volatility has been exacerbated by US and European summer holidays.

The Kiwi was the main mover as the RBNZ survey of inflation expectations moved lower compared to three months ago. NZDUSD is down 60 pips from highs.

The greenback has traded mixed with USDJPY continuing to edge higher on the back of the solid employment figures, where as EURUSD has managed to reclaim the 1.18 handle to the upside. EURJPY rallied 80 pips from Friday's lows.

Cable has been tracking sideways near Friday's lows. The pair was relatively unreactive to various reports of a £40b Brexit bill, which May's spokesman says is false.

RBNZ rate decision during the early Asian session Thursday.


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