Italy Producer Price Index (MoM) down to -0.1% in April from previous 0%

The New Zealand gave back previous gains and fell sharply versus against the American dollar in the mid-European session, knocking-off NZD/USD to fresh four year lows on the 0.71 handle. The Kiwi plunged in today’s trade in running following discouraging NZ business confidence and inflation expectations figures which fuelled further RBNZ easing bets.