European Open Preview – Kiwi plummets on dovish RBNZ; US PPI and US-Japan trade meeting on the horizon
Posted on August 9, 2018 at 7:34 am GMTHere are the latest developments in global markets: FOREX: The US dollar index is marginally higher on Thursday, after posting some relatively small losses (-0.13%) in the previous session. Meanwhile, the kiwi collapsed overnight, falling by nearly 1.4% against the dollar, after the RBNZ pushed further back the anticipated timing of its first planned rate increase and reiterated that a rate cut remains on the table. The British pound struggled as well, touching fresh multi-month lows against its major peers as speculation [..]