Mike Burrowes
Although NZ$/US$ was down significantly over the week, on Friday it managed to recover some strength
19th Dec 11, 8:49am
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
16th Dec 11, 8:42am
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
15th Dec 11, 8:39am
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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$; Euro sentiment helped by solid Spanish bond auction
14th Dec 11, 8:30am
Increased Fonterra payout generates little reaction in NZ$; 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$
13th Dec 11, 8:39am
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
12th Dec 11, 8:58am
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
8th Dec 11, 8:31am
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
7th Dec 11, 8:44am
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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
6th Dec 11, 8:33am
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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
5th Dec 11, 8:38am
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
2nd Dec 11, 8:33am
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
1st Dec 11, 8:44am
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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.
30th Nov 11, 8:31am
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
28th Nov 11, 9:30am
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
25th Nov 11, 8:45am
Markets taking a breather from volatility as US breaks for Thanksgiving
Failed German bond auction and a futher rating agency warning on France send safe haven currencies higher
24th Nov 11, 8:45am
Failed German bond auction and a futher rating agency warning on France send safe haven currencies higher
Inflation expectations of 2.8% would normally suggest a move up in the OCR, but global uncertainty rules
23rd Nov 11, 8:42am
Inflation expectations of 2.8% would normally suggest a move up in the OCR, but global uncertainty rules
Market sentiment deteriorated again overnight, pushing the “risk sensitive” CAD, AUD and NZD lower relative to the USD
22nd Nov 11, 8:36am
Market sentiment deteriorated again overnight, pushing the “risk sensitive” CAD, AUD and NZD lower relative to the USD
Market pricing 20 bps of interest rate cuts in next year
21st Nov 11, 8:51am
Market pricing 20 bps of interest rate cuts in next year
Spreading concern about Euro viability hits NZ$, A$ hard; Poor results in French and Spanish bond auctions
18th Nov 11, 8:43am
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Spreading concern about Euro viability hits NZ$, A$ hard; Poor results in French and Spanish bond auctions
Currency markets consolidate as new Italian and Greek PMs get to grips with the task ahead
17th Nov 11, 9:03am
Currency markets consolidate as new Italian and Greek PMs get to grips with the task ahead
Austrian, Belgian and French bonds hit spread highs; NZ$/A$ down on RBA minutes indicating a lack of easing bias
16th Nov 11, 8:47am
Austrian, Belgian and French bonds hit spread highs; NZ$/A$ down on RBA minutes indicating a lack of easing bias
NZ$ down as refreshed Euro crisis fears swamp stellar 3rd quarter retail sales number
15th Nov 11, 8:50am
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NZ$ down as refreshed Euro crisis fears swamp stellar 3rd quarter retail sales number
Risk markets rebound on increased confidence about the Italian political situation and comment from Greek PM
14th Nov 11, 8:52am
Risk markets rebound on increased confidence about the Italian political situation and comment from Greek PM
Markets paralysed by Euro uncertainty; US$ gains from safe haven flows