FX rate adjusted considerably - NZ FinMin

FXStreet (Bali) - NZ finmin English crossed the wires, noting that New Zealand has seen FX rate adjust considerably.

Additional comments

Outlook for the Chinese consumer is positive

Positive on part of China GDP that matters to NZ

NZ has seen FX rate adjust quite considerably

NZ has monetary policy room

Will take a while to iron out housing supply issues

Global economy is in serious trouble - Larry Summers

The economist who was first thought to be Ben Bernanke's replacement instead of Janet Yellen at the helm of the Federal Reserve, Larry Summers, urged the Fed to stand pat, urging them not to raise interest rates, noting that both the domestic and global economy were too vulnerable to deal with higher borrowing costs, AFR reports.
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Tumble in EUR/SEK volatility

Tumble in EUR/SEK volatility
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