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kiwi dips after NZ fin min says changes to RBNZ mandate could mean looser policy

Following yesterday's RBNZ and presser and subsequent comments that trickled through for the rest of the day from New Zealand Finance Minister Grant Robertson, he is hitting the wires once again and has suggested:

  • "One impact of RBNZ dual mandate could be a looser policy in certain situations, although the RBNZ Board has not yet recommended a new governor, and could well come prior to March.

RBNZ: OCR stays at 1.75%, on hold guidance maintained - Westpac

RBNZ's McDermott - NZD 'looks about right', in no rush to raise rates

Currently, NZD/USD is trading at 0.6937, down -0.26% on the day, having posted a daily high at 0.6956 and low at 0.6936.

New Zealand Electronic Card Retail Sales (MoM) registered at 0.3%, below expectations (0.6%) in October

New Zealand Electronic Card Retail Sales (MoM) registered at 0.3%, below expectations (0.6%) in October
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Wall Street erases portion of early losses, still closes lower as investors digest tax plan

Following a lower start to the day, major equity indexes extended their losses on Thursday as the Senate offered to delay the corporate tax rate reduc
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