Long AUD/NZD here looks interesting - not as volatile as AU or NU, and less need to babysit the trade.

NZD/USD

Yes, there is a point at which Wheeler and Stevens look like whiners who are upset that all economic variables are not simultaneously to their liking.

NZD/USD

Yes, exactly. This does not cost them treasure or credibility the way that trying to bring a knife to an FX intervention gun fight would.

NZD/USD

I agree, it's a bit crazy of them to expect the markets to optimize all variables for them. Same goes for RBA Stevens. There's an old song by the Rolling Stones - "You can't always get what you want".

NZD/USD

While RBNZ intervention firepower is clearly a pea shooter, Wheeler *could* come out and say they have scope to moderate the pace of rate increases, and/or that the markets "have it wrong" on what they have priced in so far. Wheeler's and RBA's ...

NZD/USD

GU pop yesterday came on retail sales hot print but supposedly that was due to increased food purchases, which were in turn due to increased supply and lower prices, from mild weather. So, in other words, a temporary blip in supply *and* demand, not ...

Cable Update (GBPUSD)