Daily Alert: Lockdown diaries day…whatever

  • A small downside miss on August US inflation figures has been the most notable event in markets overnight.
  • Some dovish chat from RBA Governor Lowe yesterday provided the fuel for NZD/AUD to poke its nose above 0.9700 overnight – a fresh 18-month high.
  • Locally, the consensus expects NZ’s current account deficit widened from 2.2% of GDP to 3.3% in Q2 (data 10:45am). 

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