A doveish RBNZ and the uncertainty over trade hurt the Kiwi dollar more than most overnight, with the Russian Rouble and the Turkish Lira also hit hard over US sanctions. Gavin Friend explains how this risk-off mood has spread across emerging markets, not helping the Kiwi or the Aussie dollar. But can’t we expect trade tensions to ease and our local currencies recover?
A doveish RBNZ and the uncertainty over trade hurt the Kiwi dollar more than most overnight, with the Russian Rouble and the Turkish Lira also hit hard over US sanctions. Gavin Friend explains how this risk-off mood has spread across emerging markets, not helping the Kiwi or the Aussie dollar. But can’t we expect trade tensions to ease and our local currencies recover?