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RBNZ's McDermott would be happy with lower NZD

Reserve Bank of New Zealand's Assistant Governor and Head of Economics, Dr John McDermott, said he would be happy with a lower NZD exchange rate, adding that NZD needs to be lower than where it is t present. A cheaper Kiwi would help offset dairy price shock, McDermott added.

Caution: there ARE risks in the Australian economy - ANZ

Analysts at ANZ explained that yesterday’s building approvals, international trade and services sector data for December 2015 highlighted a few risks to the domestic economy.
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EUR/JPY: US session recap; strong Yen - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the Japanese yen erased most of its post-BOJ losses against its major rivals, and despite strong EUR demand, the EUR/JPY fell down to 130.03 during the US session.
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