The Japanese yen, the Swiss franc and gold prices were supported as investors flocked to the safe haven assets. This comes amid mounting tensions between the United States and North Korea. Still, despite the gains, the US dollar was seen managing to maintain its gains from the previous days.
On the economic front, the RBNZ’s monetary policy meeting yesterday saw the central bank holding the OCR unchanged. The central bank decision was widely in line with economists’ forecasts. The RBNZ’s decision saw the Kiwi give up some of the gains.
Looking ahead, the economic data today includes the UK’s manufacturing, industrial and construction output data. The median estimates suggest a recovery in most of the sectors. The US producer prices data is also expectedtoday, and the forecasts show a 0.1% increase on a monthly basis.
