The IFO shows Europe is in ‘freefall’ but, as NAB’s David de Garis discusses on today’s Morning Call podcast, the ECB made no moves today.
The NZ dollar soared as the RBNZ kept rates on hold yesterday. NAB’s David de Garis says the dollar has kept that level since. Otherwise markets were fairly muted given a total lack of other surprising news. https://t.co/wao1Bfllvh