FX Update: NZD remains subdued ahead of the election

Overview
U.S. stocks surged higher to begin the week as Hurricane Irma came ashore in Florida with a less catastrophic result than anticipated and the perceived threat of a North Korean missile test failed to materialize. As Florida dealt with one of the worst storms in its history, investors took a separate and distinct outlook away from the potential human toll. Read more

FX Update: What a difference a day makes

Overview
What a “difference a day (or two) makes”. The disappointment from the weaker than expected US payroll figure on Friday was quickly forgotten by Sunday as news came through of an atomic bomb test by North Korea. Read more

Economies of Note

Australia
Australian dollar trading has been choppy over the last 24 hours ranging from 0.7871 to 0.7950, initially influenced by better-than-expected Chinese manufacturing PMI and Australian private capex figures. This uptick, however, turned out to be short-lived with a drop to 0.7871 a major support level. Read more

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