The Kiwi is lower. But analysts at ANZ Bank are not reading too much into it given how volatile markets have been of late.
Lots of balls in the air
“Fears about the instability of the US banking system continue to linger, and may for some time, denting the USD. One also wonders whether a Fed hike will be cheered (better carry) or booed (destabilising) by USD pundits this week.”
“Lots of balls in the air, but NZ does seem more remote from the world’s troubles, and that may allow the RBNZ to just keep hiking.”