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Dan Bell's picture

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

Articles by Dan Bell


Fed bond buying program not stopping yet

US Fed official dented expectations Fed will taper off its bond-buying program anytime soon; any reduction in the program is beneficial for the US$ and negative for NZ$

US$/JPY drops from 4 ½ year highs

Japan’s Economy Minister Amari says the JPY excessive strength largely corrected

NZ$ at 6-month low against US$

US$ stronger in response to US consumer sentiment hitting 6-year high; NZ$/US$ cross rate down 2.5% last week

NZ$/US$ at 6-month lows

Market remains more upbeat towards US$ as investors continue to anticipate a ‘tapering’ in US monetary stimulus

EUR/US$ at 6-week low

Disappointing euro-zone GDP data shows unexpectedly large contraction; Euro weaker as result

US$ keeps on trucking

US$ at fresh 2-month high against NZ$, 4 ½ year high against Yen and 11-month high against A$

US$ stronger across the majors

US retail sales rise unexpectedly pointing to underlying strength and continuing recovery in the US economy

A$ below parity with US$

US$ rallies on strong US data and the US$-index has its highest weekly close since July 2008; A$ at lowest point against US$ since June 2012

US$ smashes through 100 JPY barrier

Massive stop loss orders triggered resulting in US$ strengthening sharply across the board

Wheeler spices things up

Wheeler's confirmation of intervention surprised market; Also states RBNZ has scope to cut rates if house price risks are removed

Dax, Dow and S&P500 at record highs

Equity markets hit highest levels in almost 5-years driven by expectations of sustained central bank stimulus

Euro suffering after Draghi's comments

Draghi: "The Governing Council has decided for the first time to look openly at the possibility of reducing the interest rate on the deposit facility to less than zero."

US unemployment rate falls to 7.5%

Positive US employment data sparks ‘risk on’ rally; US stocks and some commodities surge higher

First rate cut for ECB in 10-months

Draghi promises to provide euro zone banks with as much liquidity as they needed and to help small companies

NZD/GBP at 6-week low

UK manufacturing data bucked the trend coming in better-than-expected, although the sector still contracted slightly, the GBP strengthened

US house prices bright spot amid gloom

US$ weak across the board after business activity contracts but US house prices a bright spot rising at fastest rate in nearly 7-years

US housing market on the up

US housing market is still improving despite weaker than expected data and tighter fiscal policy weighing on economy

Commodities substantially weaker

Copper falls over 2% and gold falls again; CRB Commodity Index plunges over 6% over past few weeks

Upbeat global sentiment

Commodity prices strengthen with Copper and Gold both up 2.8%; NZ$ surges higher; equity markets on the rise again

No move from RBNZ expected

RBNZ's accompanying statement examined with interest to ascertain future path of interest rates and inflation