NZD
It was a relatively quiet week data wise in New Zealand, nonetheless the data out continued to paint the same picture. A knife has been taken to growth exp... Read More >
The euro strengthened yesterday away from 3 month lows against the dollar as Germany hinted to the market that they may step up and alleviate the pressure that ... Read More >
Yesterday's trade session was dominated by the US housing market; poor data and a plan to fight the downturn. January housing starts fell to the lowest level o... Read More >
Inflation in the UK is proving to be a lot more hardy than we economists thought as the weaker pound makes imports a lot more expensive offsetting the benefit ... Read More >
Lloyd's shares followed more ignominy yesterday as it had its debt downgraded by Moody's as fear continues to swirl around the HBOS constituent part and how muc... Read More >
NZD
Same story different week, sadly last week did not deviate from the array of disappointing data that we have come to expect from week to week.
Electronic c... Read More >
“There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.” - John Maynard Keynes.
Last week began with s... Read More >
Friday was a day of profit taking and sideline sitting as market participants preferred not to run positions over a weekend dominated by the G7 meeting, the pas... Read More >
Safe haven currencies gave up some of their gains overnight as Asian stock markets moved higher. Banks and electronics companies led the indices higher as optim... Read More >
The UK economy is likely to continue to contract at a rapid rate with further interest rate cuts and more unusual fiscal policy steps needed in the short term. ... Read More >