Dovish RBNZ Sends NZD Plummeting

03/11/10 by Daily Forex Snapshots  
Filed under Forex & Futures

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G10 Advancers and Decliners vs USD
JPY 0.18
GBP -0.03
CHF -0.11
EUR -0.18
• Japan’s Tsumura sees signs of self-sustained recovery in domestic demand.
• Japan’s Hirano was more pessimistic; saying economy still in severe state despite positive growth
• Japan Q4 GDP was revised to +0.9% q/q, +3.8% annualized (1.0%/4.0% expected, 1.1%/4.6% prior)
• Reports that the China Statistics Bureau sees mild inflation in the coming year, but no signs of overheating.
• China CPI…

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