kiwi

Softer Kiwi after New Zealand Rate Cut

August 11, 2016

The dollar advanced 0.4% against the New Zealand dollar, 0.3% versus the euro, yen and sterling, and 0.1% relative to the Swiss franc, Aussie dollar and yuan. ┬áThe greenback is 0.1% lower against the loonie. New Zealand’s official cash rate was sliced 25 basis points to a record low of 2.0%. The drop had been […] More

May Ending in a Risk Averse Mood

May 31, 2013

Commodity-sensitive currencies had a difficult session.  The New Zealand dollar dipped below $0.8000 for the first time since September 6, 2012.  It fell as low as USD 0.7973 and is 1.0% weaker on balance.  The Australian and Canadian dollars have slipped 0.8% and 0.5% against the greenback, which also has appreciated by 0.4% against the […] More

Concerns about Euro Debt and Chinese Growth

April 16, 2012

The euro fell 0.4% on balance against the dollar and dipped as low as $1.2995, the first sub-$1.3000 reading since February 16. Share prices in Japan tumbled 1.7% in Japan to the lowest session closing level since February 21.  Speculation persists that the BOJ will extend quantitative easing later this month.  However, Japanese department store […] More

In Search of New Foreign Exchange Equilibriums

March 23, 2012

Whether the euro looks resilient or weak depends on what comparisons to historical levels are chosen.  Intuitively one expects this besieged money to be on the defensive.  The Euroland economy is experiencing a recession.  The debt crisis is at best in remission as attested by painfully high bond yield spreads with Germany.  The Greek problem […] More

Euro’s Fate Next Week Hinging on PSI Deal

January 20, 2012

At this moment, reports leaking out of the PSI talks between Greece and its private sector creditors suggest that prospects have improved for a deal before the end of this weekend.  PSI is the acronym for "private sector involvement," which in turn euphemistically refers to a voluntary exchange of existing Greek debt for new instruments […] More

Softer Pound on a Quiet Day

September 6, 2010

Canadian and U.S. markets will be shut today for Labor Day holidays. No meaningful data releases from markets that are open. Main currency movements have been a 0.6% drop of sterling, a 0.4% further recovery of the kiwi, and a 0.3% advance of the Chinese yuan. Market chatter surfaced that the Bank of England may […] More

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