NZD

The NZD/USD remains side-lined upon the release of the New Zealand business confidence data for August by Australia New Zealand bank (ANZ). Business confidence dipped to -42.4% in August (from July’s -31.8). Activity outlook for August dipped by 8 points to -17%. The pair will most likely be affected by RBNZ’s latest update as the central bank plans to “outline the outlook for the LSAP (Large Scale Asset Purchase) programme and our readiness to deploy alternative monetary policy tools in our August Statement.” So, will it be a dove or a hawk from RBNZ this week – hmmm...