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The UK has decided to up the aid to the Ukraine and massively expand defence spending, preparing for war in Europe. The Government deficit and debt have blown out and this is a further excuse to drive the economy into the ditch. The UK are in dire economic straits and the war drums are cover….
The UK has decided to up the aid to the Ukraine and massively expand defence spending, preparing for war in Europe. The Government deficit and debt have blown out and this is a further excuse to drive the economy into the ditch. The UK are in dire economic straits and the war drums are cover….
The New Zealand Dollar (NZD) has edged higher over the week against the Australian Dollar (AUD) posting 0.9062 (1.1034) in early morning. The main news of the week has ben the resignation of the Reserve Bank Governor Adrian Orr who has been in the role since March 2018. He has not given a reason for…
The New Zealand Dollar (NZD) has edged higher over the week against the Australian Dollar (AUD) posting 0.9062 (1.1034) in early morning. The main news of the week has ben the resignation of the Reserve Bank Governor Adrian Orr who has been in the role since March 2018. He has not given a reason for…
The New Zealand Dollar (NZD) continued its U turn from last week’s 0.5600 number against the US Dollar (USD) Friday extending to 0.5750. Weaker than expected US Job’s data showed a sharp rise in layoffs, more than double the number reported in January climbing to nearly 1.9M continuing the latest slide in US economic data….
The British Pound (GBP) grew another leg in overnight London and NY sessions with the currency lifting to 2.0210 (0.4950) against the Australian Dollar (AUD). Australian CPI printed at 2.5% vs 2.5% in December with the underlying inflation picking up slightly. This has dimed the view of aggressive rate cuts by the RBA evident in…
Australian CPI in January rose by 2.5% y/y compared to a 2.5% increase in December the Australian Dollar (AUD) peeling off losses post the release against the US Dollar (USD). The Aussie has faced headwinds over the week drifting into the 0.62’s following last week’s decline from the 0.6400 high. Australia should remain exempt from…
Big gains in the British Pound (GBP) this week have seen the currency reach 2.2380 (0.4470) in morning trade against the New Zealand Dollar (NZD) not helped by the ANZ Activity outlook ticking down and a serious bout of “risk off” to boot. The cross sits at a key area right now with chances it…
The ANZ Business Confidence indicator ticked up overnight reading 58.4 in February, the New Zealand Dollar (NZD) neglecting the news downplayed by US Dollar (USD) strength and sympathy for a fall in the AUD/USD. The kiwi dropping hard from 0.5700 levels to 0.5635. US Durable Goods also rose in January 3.1% following 2 straight months…
Sideways moves over the week have been the theme in the Australian Dollar (AUD), New Zealand Dollar (NZD) cross pivoting around the 0.9030 (1.1075) areas with no real tier 1 data publishing post Monday’s NZ Retail Sales. It has been a very risk averse week with both the kiwi and Aussie both retreating against the…