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

Articles by Dan Bell


Gold price plunges, equities benefit

RBNZ sparks another NZD sell off with "unjustifiable and unsustainable" comments; gold and oil sold off; Equities up on better than expected US GDP reading

NZD opens sharply lower

US Fed eyes gathering steam in the US economy. Stocks and gold lower, oil prices higher

Volatile US data jerks the NZD

USD falls on weaker-than-expected durable goods orders, then rises on better-than-expected US consumer confidence

German businesses have gloomy outlook

Wall Street closes out best week in nearly two years; German business confidence deteriorates further and results worse than forecast

NZD falls sharply following CPI data

Benign inflation result means RBNZ in no hurry to hike rates; positive US data boosts USD; equity markets higher overnight

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