The Trader 

Market Outlook: Get down under

The Trader

In an interview with Bloomberg John McDermott, assistant governor of the Reserve Bank of New Zealand noted that the New Zealand Dollar ‘does need to adjust down’ against its US counterpart.  It did and promptly lost 1 per cent of its value.  This followed a central bank meeting this morning where it was agreed that the key Cash Rate should remain at the current record low 1.75 per cent.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Register
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now