New Zealand Dollar forecast page 12 - nzd new zealand dollar nz dollar nzd dollar

Europe’s stock markets enjoyed a rare day of gains during yesterday’s session, with London’s FTSE 100 index closing up by 0.70%, Paris’s Cac 40 registering a positive move of 0.64% and Frankfurt’s Dax up by 0.95%. Many analysts have taken the view that the move higher marked a technical correction following last week’s sustained...

The Pound has performed poorly on the day following the release of disappointing UK housing market numbers from Rightmove, which showed that British property prices remained static last month. The UK economy badly needs its housing market to start pushing forward once again in order to kick-start an all-around improvement. At this stage,...

The Bank of England Governor Mervyn King called an instant halt to the Pound’s recent bull-run in the currency markets during yesterday’s session, when he announced that the Bank was slashing its UK growth forecast for 2012 by a third, from the previous 1.2% to a paltry 0.8%. King blamed the announcement on the threat to the British...

The ongoing soap opera which is the Greek debt crisis took several twists and turns during yesterday’s session in the markets. The most significant development on the day came in the form of an announcement from the leaders of the ‘socialist light’ Democratic Left party which revealed that they would not enter into any coalition...

Friday’s Asian session saw the release of data which provided further evidence that the Chinese economy is expanding at a slower pace. The annualised Industrial Production figure registered at 9.3%, versus an anticipated 12.2%. This showing was the lowest level that Chinese industrial output had expended by for some three years. Chinese...

The precarious political situation in Greece informed price action in the currency markets during yesterday’s session, sending the value of the high-yielders and commodity currencies tumbling. Not surprisingly, the euro didn’t fare too well either. To recap, the story so far has seen Greece build up unmanageable debts which it has no...

Political upheaval in mainland Europe has had a dramatic effect on the currency markets since they re-opened on Sunday night. The French people voted in favour of Francois Hollande to be their new head of state on Sunday, leaving the country’s erstwhile President Nicolas Sarkozy adrift in the political wilderness. The Socialist candidate...

As ever, the future direction of interest rates was never far from the minds of currency market participants during yesterday’s session. European Central Bank President Mario Draghi’s press conference, which followed the ECB’s announcement that it is maintaining its key lending rate at 1.00%, was generally judged to have been...

The EURO has remained firmly out of favour in the markets today, as data revealed that unemployment in the eurozone had hit its highest ever level. The saw the GBP EUR exchange rate spiral to 1.2326. The news that leading credit ratings agency S&P had upgraded Greece’s debt from its current junk status did little to convince investors...

Investors holding Sterling had been waiting a long time for a strong piece of data to emanate from the UK economy, then yesterday morning two encouraging releases came along at the same time. The Bank of England minutes for April’s meeting caught many analysts on the back foot when they revealed that only one member of the nine-man...