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NZ PM Key: Economy well placed to handle global ups and downs

FXStreet (Bali) - NZ Prime Minister John Key, at a news conference, said New Zealand economy is well placed to handle global ups and downs.

Additional headlines

Economy faces headwinds from dairy and China outlook

Will still expand at about 2.0% pace

NZ is still aiming for a low cost and flexible economy

USD/JPY: Yen to stay firm on Fed hike prospects this month?

USD/JPY stabilizing as we progress through the session, after a series of up-day's since Black Monday, the pair has started out better offered and down to test the vicinity of the 121.00 figure.
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Safe-havens strongly bid in Asia, German retail sales, EZ CPI – Next in focus

Renewed wave of risk-aversion gripped the markets on the first trading day of the week after Chinese equities halted their recovery path and swung back into losses re-fuelling concerns over China’s economy. The safe-haven currencies such as the yen, euro and the Swissie enjoyed solid on risk-off trades while the Antipodeans suffered with the Kiwi losing the most on NZ GDP downward revisions.
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