Market wrap: greenback mixed and oil choppy - ANZ

Analysts at ANZ explained that US equities were flat, with USD mixed, treasuries little changed, and oil prices choppy.

Key Quotes:

"European bourses rose around 0.7% with some relief for European banks buoying markets. In the US, equities are largely unchanged at the time of writing, with declines in telecommunications offset by stronger energy-related stocks. US treasuries were little changed across the curve, generally in line with European markets.

Italy outperformed, bull flattening, with yields down 1-4bps. Oil prices had a choppy day, trading on headlines from Algiers and US inventory data. Oil traded in a 31⁄2% range and is currently up about 1.5%. Gold prices were off 0.4% to $1322/oz. The USD was mixed, rallying 0.7% against NZD while NOK was up 0.6%. AUD was little changed."

RBNZ: NZD exchange is too high

Following are the key remarks crossing the wires from the RBNZ, via Bloomberg, where they highlighted that NZD exchange is too high...
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