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New Zealand Benefits from Aussie Gains
Tuesday, 10 April 2007 21:29:47 GMT
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- Friday, 16 October 2009 20:23:24 GMT New Zealand Dollar Vulnerable To Pullback In Risk Appetite
- Monday, 12 October 2009 22:22:35 GMT New Zealand Retail Sales More Than Double Expectations in August
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- Monday, 05 October 2009 02:19:09 GMT New Zealand Commodity Export Prices Rise Most in Over 22 Years
- Friday, 02 October 2009 20:56:52 GMT New Zealand Dollar At Risk of Turn Lower on Extreme Sentiment
- Friday, 25 September 2009 21:39:52 GMT New Zealand Dollar May Forge New Highs with G-20 Help
- Wednesday, 23 September 2009 19:57:03 GMT New Zealand Dollar Maintains Strength Following Q2 GDP Results â Exports May Fall to Lowest Since January 2008
- Wednesday, 23 September 2009 02:21:33 GMT New Zealand Dollar Surges as GDP Unexpectedly Grows in Q2
- Monday, 21 September 2009 23:28:37 GMT New Zealand Current Account Surprises With Surplus in Second Quarter
- Monday, 21 September 2009 03:00:48 GMT New Zealand Service Sector Expands For Second Month But Sales Decline
- Friday, 18 September 2009 22:05:19 GMT New Zealand Dollar To Weaken as Growth Rate Contracts, Trade Falters
- Thursday, 17 September 2009 01:26:06 GMT New Zealand Manufacturing Shrinks at Faster Pace as New Orders Plummet
- Tuesday, 15 September 2009 02:20:40 GMT New Zealand Manufacturing Falls Most on Record in Second Quarter
- Monday, 14 September 2009 00:48:53 GMT New Zealand Retail Sales Unexpectedly Drop in July as Unemployment Rises
- Friday, 11 September 2009 21:26:44 GMT New Zealand Dollar Strength May Be its Own Undoing
- Wednesday, 09 September 2009 23:49:32 GMT RBNZ Rate Decision Provokes Volatility but Falters with Direction
- Wednesday, 09 September 2009 00:42:20 GMT New Zealand Dollar's Run May be Cut Short by RBNZ Rate Decision
- Monday, 07 September 2009 18:14:22 GMT New Zealand Dollar Reaches Fresh 2009 Highs
- Sunday, 06 September 2009 21:47:23 GMT New Zealand House Prices Rise for Fourth Month in August
The commodity currencies screamed higher as the Australian and New Zealand dollars registered the day’s most meaningful gains. The AUD/USD hit a fresh 10 high while the NZD/USD hit a new 1 year high. Not only did Australia’s Rinker Group agreed to be taken over by Mexico’s CEMEX, but we also saw a solid increase in job advertisements along with a stable construction sector PMI. This suggests that we could see particularly strong job growth on Thursday. New Zealand on the other hand simply benefited from Aussie strength as their economic data surprises to the downside. The NZIER business opinion survey dropped from +3 to -15 in the first quarter. Meanwhile USD/CAD could not escape the broad dollar bearishness as the currency slipped to a fresh year to date low.
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