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More Bad News Out of Australia and New Zealand
Tuesday, 29 July 2008 20:52:59 GMT
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Previous articles
Previous Articles
Nov 14 -
New Zealand Dollar To Test October Lows As Carry Demand Stalls
Nov 07 -
New Zealand Dollar Outlook Remains Bearish As Rate Expectations Fall
Nov 03 -
New Zealand Dollar - US Dollar Exchange Rate Forecast
Nov 02 -
Employment Data Brings The Focus Back On The New Zealand Dollar
Oct 27 -
Carry Trades: Japan Suggests Yen Intervention Is On the Way, Australia Proves It Doesn't Always Work
Oct 24 -
New Zealand Dollar Faces Increased Selling As Investors 'Deleverage'
Oct 22 -
New Zealand Dollar, Australian Dollar Show Signs of Bottoming
Oct 21 -
Canadian Dollar Dives on BOC Rate Cut, New Zealand Dollar Faces RBNZ Rate Decision
Oct 20 -
Australian Dollar, New Zealand Dollar Dominate on Demand for Carry, Bank of Canada Expected to Cut Rates Tuesday
Oct 17 -
New Zealand Dollar May Sink On Declining Interest Rate Outlook
Oct 16 -
Carry Trades: Australian, New Zealand Dollars Rocket Higher as Japanese Yen Plunges on Return to Risk
Oct 10 -
New Zealand Dollar Outlook Bearish As The Flight to Safety Continues
Oct 09 -
Australian Dollar, New Zealand Dollar Gains Prove To Be Short-Lived, Canadian Dollar Could Falter On Friday
Oct 03 -
New Zealand Dollar/US Dollar Exchange Rate Forecast
Oct 06 -
Commodity Dollars Hit Hard On Broad Deleveraging, Aussie Faces RBA Rate Decision
Oct 03 -
Fading Risk Appetite to Fuel Bearish Sentiment for the Kiwi
Oct 01 -
Forex Seasonality in the New Zealand Dollar
Sep 26 -
New Zealand Falls Into A Recession, Growth Fears to Drag Kiwi Lower
Sep 25 -
A Recession Raises The Probability Of Deep Rate Cuts For New Zealand
Sep 23 -
Australian, Canadian, and New Zealand Dollars Fall on Broad Drop in Commodities
Written by Kathy Lien, Chief Strategist
The Australian, New Zealand and Canadian dollars all fell under the weight of broad dollar strength and lower commodity prices. However, news out of Australia and New Zealand has also weighed on the currencies. Leading indicators in Australia dropped 0.1 percent in May, reflecting a gradual slowdown in the Australian economy. The big news however was from New Zealand, where a finance company has suspended withdrawals and new investments. They are not first to do so, Canterbury Mortgage Trust, New Zealand’s second largest mortgage fund announced similar measures last week. Looking ahead, we continue to expect the New Zealand economy to deteriorate. Canada has industrial product and raw material due for release tomorrow – inflation should remain hot.
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