Forex news for Asia-Pacific trading on June 8, 2016:
Markets:
– Nikkei down 1.05% to 16654
– WTI crude up 32-cents to $51.55
– Gold up 64-cents to $1263
– NZD leads, AUD lags so far
The RBNZ decision was the focus and it delivered some volatility as the RBNZ delivered very little at all. The OCR was left unchanged. That was mostly expected but not entirely and NZD jumped a cent on the headlines as it broke out to a one-year high. The statement was mostly a repeat but cut down on the jawboning and was more upbeat on the global outlook.