Beware! NZD Could Sell Off on RBNZ Rate Hike Of all the big events scheduled for the foreign exchange market this week, the Reserve Bank of New Zealand’s monetary policy announcement is the most exciting. The RBNZ is widely expected to raise interest rates for the second month in a row after holding rates steady for the past 3 years. Back in March, the Reserve Bank became the first major central bank to raise interest rates since the global financial crisis and each one of the 15 economists surveyed by Bloomberg expect another 25bp of tightening later today. When the central bank raised rates in March they kicked off a rally that took the New Zealand dollar from 0.8460 to 0.8745 over a one-month period with ve...
April 22nd, 2014 - Market Drivers for April 22 2014 AU LEI bit better, AU government unhappy with RBA neutral bias Nikkei drop pulls USD/JPY back to 102.50 Nikkei -0.85% Europe 0.51% Oil $104/bbl Gold $1289/oz. Europe and Asia: AU LEI 0.3% vs. 0.2% North America: USD Existing Home Sales 10:00...
April 21st, 2014 - Daily FX Market Roundup 04-21-14 How Keystone Pipeline Delay Impacts the Canadian Dollar AUD Steadies Despite Dip in Gold NZD Extends Losses Ahead of RBNZ Dollar Shrugs Off Rise in Leading Indicators Euro On the Move This Week GBP: Holding Near 4-Year Highs JPY: Deterioration in Trade Expe...
April 23rd, 2014 - Beware! NZD Could Sell Off on RBNZ Rate Hike Of all the big events scheduled for the foreign exchange market this week, the Reserve Bank of New Zealand’s monetary policy announcement is the most exciting. The RBNZ is widely expected to raise interest rates for the second month in a row afte...
September 10th, 2012 - In the first week of September the European Central Bank lit the EUR/USD on fire with its latest acronym to save the euro – OMT, short for “Outright Monetary Transactions.†For most investors, OMT is just another ingredient in the central bank’s alphabet soup which already ...
