Mike Burrowes
Although NZ$/US$ was down significantly over the week, on Friday it managed to recover some strength
Although NZ$/US$ was down significantly over the week, on Friday it managed to recover some strength
Better US data and good demand at a Spanish bond auction prompts reversal in risk appetite
Better US data and good demand at a Spanish bond auction prompts reversal in risk appetite
Risk and commodity sensitive currencies hit by increased fears around Euro union; Italy pays highest 5 year bond auction rate
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Risk and commodity sensitive currencies hit by increased fears around Euro union; Italy pays highest 5 year bond auction rate
Increased Fonterra payout generates little reaction in NZ$; Euro sentiment helped by solid Spanish bond auction
Increased Fonterra payout generates little reaction in NZ$; Euro sentiment helped by solid Spanish bond auction
Comments from Fitch and Moody's suggest they willl look at Euro sovereign downgrades; NZ$ loses a cent against US$
Comments from Fitch and Moody's suggest they willl look at Euro sovereign downgrades; NZ$ loses a cent against US$
The risk sensitive A$, C$ and NZ$ were among the best performers, as markets responded positively to Euro summit news
The risk sensitive A$, C$ and NZ$ were among the best performers, as markets responded positively to Euro summit news
RBNZ expected to keep OCR on hold at 2.50%; markets waiting for Euro summit outcome this weekend
RBNZ expected to keep OCR on hold at 2.50%; markets waiting for Euro summit outcome this weekend
EUR absorbs the news that S&P had put 15 Euro soverigns on credit watch negative; RBA cuts official cash rate
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EUR absorbs the news that S&P had put 15 Euro soverigns on credit watch negative; RBA cuts official cash rate
Franco-German agreement on fiscal rules for Euro countries boosts risk appetite; markets expecting RBA to cut cash rate today
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Franco-German agreement on fiscal rules for Euro countries boosts risk appetite; markets expecting RBA to cut cash rate today
Euro rumours of Spanish credit downgrade and ECB support to IMF makes for volatile EUR session
Euro rumours of Spanish credit downgrade and ECB support to IMF makes for volatile EUR session
Markets subdued after yesterday's central bank induced excitement; Spanish and French bond auctions saw solid demand
Markets subdued after yesterday's central bank induced excitement; Spanish and French bond auctions saw solid demand
Co-ordinated central bank action to provide US$ liquidty, helped by positive US data, sent risk currencies spiking higher
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Co-ordinated central bank action to provide US$ liquidty, helped by positive US data, sent risk currencies spiking higher
The NZ$/US$ was propelled above 0.7600 overnight by an improvement in global risk sentiment, spurred by better US data and high hopes for today’s EU finance ministers meeting.
The NZ$/US$ was propelled above 0.7600 overnight by an improvement in global risk sentiment, spurred by better US data and high hopes for today’s EU finance ministers meeting.
NZ$/US$ traded within a 0.7370 to 0.7440 range; Belgium cedit rating downgrded
NZ$/US$ traded within a 0.7370 to 0.7440 range; Belgium cedit rating downgrded
Markets taking a breather from volatility as US breaks for Thanksgiving
Markets taking a breather from volatility as US breaks for Thanksgiving