A risk-on mood – NAB’s David de Garis says it’s on the back of a strong ISM read in the US and hopes of more from the phase one trade deal with China.
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