Kiwi Plunges on Moves to Control House Prices

Rates as of 0500 GMT Market Recap The focus this morning is on, which plunged after the NZ government introduced a raft of new measures aimed at holding down house prices. Im not going to bore you with the details, if youre interested you can read about it on Bloomberg or The Guardian, which doesnt […]
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Collapse in TRY Causes Risk Aversion in FX Market

Rates as of 0500 GMT Market Recap Rather modest movements in the currency market since Friday morning. The biggest move was in the Turkish lira TRY, which collapsed some 14 after Erdogan dismissed the head of the central bank the third CB head to lose his job in less than two years and replaced him […]
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