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FOREX
FOREX: The New Zealand took centre stage during the Asia-Pacific session, after
rising to $0.7371 on a less dovish than anticipated RBNZ Monetary policy
statement, intervention talk from RBNZ Gov Wheeler then spooked market longs and
sent Kiwi down to $0.7300. Among other comments, Wheeler said, the RBNZ had
intervened in the past and intervention was always possible. Kiwi was last at
$0.7304. Aussie-dollar followed its Tasman's neighbour lower in sympathy, the
rate easing from $0.7911 to $0.7871. Regional equities, with all major bourses
in negative territory also weighed on risk-sentiment. Aussie was last at
$0.7873. Dollar-yen carved out a Y109.90 to Y110.18 range, last at Y110.00.
Meanwhile, Euro-dollar dropped from $1.1770 to $1.1738, the move guided lower by
supply in euro-yen. Euro was last at $1.1740.