Australia AiG Performance of Mfg Index 45.6 in Feb

The New Zealand Dollar is weakening across a variety of asset classes, after downbeat NZ terms of trade data was published, with the read showing a 1.3% decline on a quarterly basis vs +1.2% expected. It is likely that the data was leaked ahead of the event, as the currency reacted with a 30 pips fall 5 minutes prior to the event.