FX: Kiwi and Aussie Diverge While Buck Drops

Market Drivers November 2, 2016 Kiwi bid in hot NZ data EZ Business Confidence improves Nikkei -1.76% Dax -1.30% Oil $46/bbl Gold $1295/oz. Europe and Asia:NZD NZ Employment 4.9% vs. 5.1% NZD NZ Inflation expectations 1.7% AU Building Home Approvals -8.7% vs. -3.0% EZ GE Unemployment -13K vs. -1K North