Friday 29th June 2018

The New Zealand dollar has taken a hit. NAB’s Gavin Friend puts it all down to one word change in the RBNZ statement yesterday. Meanwhile markets remain confused and concerned about the continuing trade tensions, whilst the EU Summit kicks off with, for once, Brexit not the main bone of contention. The real issue is putting a lid on migration, but it seems unlikely the Eurocrats will find a solution over one weekend.