The Aussie fell from highs above 1.08 to 1.07 overnight.
This was a very clever and absolutely necessary move by the ANZ. The RBA is sleeping. Other major banks will follow suit.
This forces the RBA to cut rates next time, which they should have done to prevent a very high AUD vs the USD limiting growth in Australian manufacturers, mining & exporters.
This adds +1.5 to KZL.
KZL Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held
