Tag Archives: NZD/USD

Inflation Bottom Behind Us

Whatever the precise outcome of Tuesday’s Q2 CPI, it will likely mark the proximate low in its annual rate of inflation.

The seasonally adjusted BNZ – BusinessNZ Performance of Service Index (PSI) for June stood at 55.0. Although this was down 1 point from May,

It was another wild ride in the NZD last week, one that eventually amounted to little. After climbing to almost 0.7960,

The economy has passed its vote of economic confidence. The Canterbury-construction sector ticket rallied enough votes,

AUD/USD plunged to fresh nearly 3 year lows and remains on track for our current target at $0.8771.

Hot Summer For French Budget! Over the last 10 days, the downgrading of Italy’s sovereign credit rating from BBB+ to BBB and

Major overnight headlines: • China’s finance minister signals government may accept growth below 7.0% annually,

EURUSD – 1.30 held nicely yesterday on the dip as the mkt still in cover mode for short positions mode into the weekend.

The NZD/USD has been up the hill and down again over the past 24-hours. It sits close to 0.7850 this morning.

AUD/USD put in fresh 2 week highs once again overnight, this time spiking above the 21-DMA.

Major overnight headlines: • European stocks, bonds firm after June FOMC minutes and Bernanke,

Bernanke’s speech and his Q&A, 2 hours after the release of the FOMC minutes, were more influential.