RBNZ On Hold. More Cuts to Come?  RBNZ Comments Weigh on NZD This morning the RBNZ left interest rates on hold, however Governor Wheeler was more downbeat than at last year’s meeting. This saw the NZ dollar fall across the board and is currently trading at $0.64 against the US dollar. Across our portfolio we are positioned for weaker Australasian currency’s, with one of our key holdings which benefits from a lower NZD being Fisher & Paykel Healthcare (FPH.NZ). FPH has continued to perform strongly during the current market turmoil  and is up 18.8% since September last year. RBNZ Leaves Cash Rate at 2.50% As widely expected, the RBNZ left the cash rate unchanged at 2.50% this morning. The Reserve Bank highlighted risks pertaining to global growth and lower commodity prices as key risk factors for the wider economy. Slowing China growth and falling oil & dairy prices were mentioned specifically, as these have been key factors driving financial markets of late. Although there were a number...