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Kiwi was the big mover at the start of the....>

FOREX
FOREX: Kiwi was the big mover at the start of the session after the RBNZ kept
rates on hold and were slightly more dovish than expected. The Bank also sounded
a negative note over the NZD, saying that expected it weaken from current
levels. This engendered a session long selloff that saw leveraged accounts push
the pair through the 0.7200 handle to 0.7186 last. 
- In China the PBoC set USD/CNY parity stronger at 6.2882, the 2nd straight
stronger fix. The yuan weakened further after trade data that showed a huge jump
in imports causing a narrower surplus, USD/CNY rose to 6.3445. Reports that
further outflows could be prompted by the resumption of the QDLP outbound
investment scheme.
- Elsewhere it was a fairly quiet session, the US dollar index trended sideways
after rising on Wednesday, there was been a blip higher as European traders
arrive on the back of yuan weakness which has pressured USD crosses. EUR/USD now
flat after earlier being up around 25 pips at highs of 1.2287 as the euro firmed
after the German coalition deal announcement. USD/JPY has moved higher to 109.54
on the back of this.
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