SaxoTV

Asian update: Kiwi crushed and Korea cuts

395 views
June 11, 2015 america, angus walker, apple, as, asas, asia, asia economy, asia growth, asia pacific, asiamarkets, asian, asian crisis, asian markets, asianmarket, asset, asset backed securities, asset purchases, assets, astrazeneca, aud, aud 2014, aud strength, aud usd, aud usd', aud weakness, audeur, audgbp, audjpy, audnzd, audusd, audusd bearish, audusd bull, audusd currency, audusd forex, audusd short, audusd support levels, audusd weakness, aus, aussi dollar, aussie, aussie bank rates, aussie dolalr, aussie dollar, aussie dollar weakness, aussie economy, aussie kiwi dollar, aussie sterling, aussie weakness, aussiedollar, austerity, australia, australia cash rate, australia central bank, australia currency, australia economy, australia rates, australia us, australian, australian bank governor glenn stevens, australian banks, australian central bank, australian dollar, australian dollar forex, australian economy, australian rates decision, australian reserve bank, australianeconomy, australiangrowth, aususd, eq, eqeqeq, eqfx, equities, equities saxo, equities trading, equity, equity index, equity market, equity market 2014, equity markets, equity portfolio, equity portfolios, equity research, equity strategy, equity trading, foreign exchange, forex, forex buying, forex idea, forex market, forex markets, forex saxo bank, forex trade idea, forex trading, fx, fx forex, fx market, fx markets, fx options, fx strategy, fx trade, fx trade idea, fx trading, fxfx, gfx, hang seng, japan, koefoed, korea, korean economy, macro, nikkei
Jeff Halley from Saxo Bank in Singapore updates us on a busy day for Asia markets. Equities saw positive action across the board with most stock markets ending the day up. The big story in forex was the surprise rate cut from the RBNZ which saw the Kiwi crushed, dropping by up to 3% against the USD. 

Jobs data in Australia recorded an unexpected bounce in employment with 42,000 jobs added against 12,000 expected.

The South Korean central bank also cut rates as the MERS virus outbreak continues to pose a risk to economic activity.