New Zealand Earthquake and Lack of Growth Momentum in China Weigh on Sentiment

A series of powerful earthquakes in New Zealand triggered tsunami and caused at least two dead. The impact on the financial markets is evolving. NZDUSD extends the selloff for a 4th day, dropping to a one-month low of 0.7071, while AUDNZD has risen to a 2-week high of 1.6048, at the time of writing this note. RBNZ cut the OCR by -25 bps to a new record low of 1.75% last week.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/new-zealand-earthquake-and-lack-of-growth-momentum-in-china-weigh-on-sentiment-2016111433836/