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Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here 

Articles by Dan Bell


Stressful time for European banks

Euro falls after news up to 11 banks from 6 countries failed comprehensive ECB stress tests; BoE split over rate hikes, Oil price on slippery downward slope again

Positive news sees markets climb

US existing home sales exceed expectations; ECB starts asset purchase program by buying Italian covered bonds; US & European equities up strongly

NZDUSD at top of range

Domestic data releases helps lift NZD; Eurozone current account data weaker; global equity markets mixed

US data beats expectations

Stocks make sharp recovery after volitile week, strong US data, RBNZ accidental re-release teased NZD market on Friday

US industrial production surges

Massive US equity sell off before better than expected data saves the day; another volatile session for NZD; oil price rises halting recent downward spiral

US data disappoints market

Oil price keeps tumbling; weaker than expected US data propels NZDUSD higher; US and European equity markets pummelled

UK inflation at five-year low

USD & JPY benefit from safe haven buying; German investor sentiment indicator turns negative; UK may decide to delay rate hikes after inflation reading

Investors trimming USD positions

Fears US Fed may delay first interest rate hike; Gold price boosted by strong rebound in Chinese imports of industrial commodities

Global growth worries

USD and JPY bolstered by safe-haven bids on global fallout concerns for slow-downs in Europe, Japan, and China

Euro zone data disappoints

ECB suggests euro-zone economic recovery losing momentum; global equities and NZD fall sharply

USD lower on dovish Fed minutes

Fed concerned with weaker European and Asian growth; NZDUSD up strongly and US equities bounce back after yesterday's abysmal showing

Pressure on ECB to up stimulus package

NZD shakes off poor confidence numbers; Eurozone growth forecase below 1.5%; German industrial production worse than expected

NZDUSD bounces off lows

Profit taking on USD positions; Gold prices surge; weak German factory orders and investor confidence

USD surges on US jobs report

Equities up after strong showing by US labour markets and surprise rise in Europe's retail volumes. However PMIs mixed

ECB underwhlems with announcement

NZ$ dollar rebounds after recent rapid decline; ECB fails to meet market expectations; European equities take a hit

Kiwi dollar drops on Fonterra auction

US dollar positions trimmed ahead of key data releases; Dairy auction prices down over 7% and NZDUSD back under 78c; Equities down globally

US dollar index up 8% over last 3-months

NZD bounces off lows but this was short lived as weaker Euro-zone data sees it fall again; USD strengthens again; NZD & AUD under-performers across majors

Key and Wheeler double-team the NZD

After ex-trader Key says fair value for NZD is 65USc, RBNZ confirms big intervention; oil steady, gold higher

RBNZ jawboning NZD lower

Wheeler's comments yesterday fuelled speculation RBNZ did in fact intervene in NZ dollar last month; NZD extended decline on BoE Governor's comments

Draghi talks markets up

US$ stronger on combination of US housing data and comments that Euro stimulus will remain for an extended period