FX News

Key Points this Week…

US Equity markets closed the 3rd quarter with one of the worst Septembers in years
The Federal Reserve has been criticised over the months for raising interest rates too slow- now they are being accused of raising too fast
Deputy PM Robertson on the wires saying he is not concerned for the NZ economic outlook
Grocery prices have risen in the last year by 13% around the globe- this is the biggest rise since March 1979
IMF say the chances of a global recession are rising
German economic forecasts suggest -0.4% GDP next year putting them in a recession
The US Dollar (USD) was the strongest currency over the month of September while the New Zealand Dollar (NZD) was the weakest.

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