NEWS / Foreign Exchange

Royal Bank of New Zealand kept rates the same at 8.25% which didn't have any drastic impact on the NZD

What happened overnight:

- Royal Bank of New Zealand kept rates the same at 8.25% which didn't have any drastic impact on the NZD.

- USD/CNY hit new lows set by the PBoC.

- EUR/USD moves back up as equities settle. Cable also appeared to be pushing back higher.

- USD remains fairly weak however ranges against most major pairs appear to have been fairly small. The looming FOMC decision and the prospect of weak housing numbers are also helping to pull the dollar down.