Tag "rate"


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NZD Strength Persists

NZD Strength Persists

🕔August 15, 2016

  • Rates cut fail to deter NZD growth
  • NZD gains high-yielding status

The latest efforts made by the Reserve Bank of New Zealand (RBNZ) to raise inflation and put a leash on its strengthening currency has been countered by a rebellion, with the surging housing market and a healthy economic advancement actively upholding investor confidence in the economy.…

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Dollar Anticipates Fed Rate Guidance

Dollar Anticipates Fed Rate Guidance

🕔August 11, 2016

  • US Economy not yet in the clear
  • Dollar weak against other majors

Investors watched the dollar maintain a range throughout Thursday as they waited for a more definitive hint on the course of action concerning the US Fed rates hike.

The WSJ Dollar index, a tool that is used to measure the US dollar against 16 other major currencies was flat as the USD faltered against higher yielding currencies.…

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RBNZ Cut Rates by 2%

RBNZ Cut Rates by 2%
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🕔August 11, 2016

The Reserve Bank of New Zealand (RBNZ) slash rates yesterday by 0.25% to 2% in a bid to curb uncertainties arising from global growth. This is the sixth time the RBNZ have cut rates in the last 14 months. Showing that there will be some significant need for further easing, the RBNZ Governor, Graeme Wheeler said “Global growth is below trend despite being supported by unprecedented levels of monetary stimulus, significant surplus capacity remains across many economies and, along with low commodity prices, is suppressing global inflation. 

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RBNZ Rate Cut Ahead or Not?

RBNZ Rate Cut Ahead or Not?
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🕔August 10, 2016

  • This week holds a higher chance of a 25bp cut

As this week’s RBNZ Monetary Policy Statement draws closer. With the focus shifting to fiscal policy and global monetary policy having a long way to go, pressure will be mounted on some of the world’s major central banks to drive monetary policy further into the red.…

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The CAD Takes a Dive

The CAD Takes a Dive

🕔August 1, 2016

The Canadian dollar has more recently been hit by wave after wave of turbulence mostly arising from the volatility surrounding oil prices. The Canadian dollar last week reached its least in four months against the US dollar, a significant reason for this fall is the slump in crude oil price.…

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The USD Stalls for Fundamental Releases

The USD Stalls for Fundamental Releases

🕔August 1, 2016

  • USD still in recovery
  • GBPUSD share the same plight

The Dow Jones FXCM USD Index shows the USD opening the new month with a slump as it entered into a near-term support range that was triggered by Friday’s GDP release, the GDP caused the index to break another support level.…

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Eurozone Inflation at New High

Eurozone Inflation at New High

🕔July 29, 2016

Official figures today revealed economic growth in the 19 countries comprising of the Eurozone falling by 50% in the second quarter of 2016, this is most likely the result of the fading bolster it had earlier received from the fall in oil prices and the weakness in the euro, as it does not look like the impact of the UK referendum on the EU.…

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The Yuan Grows on Feds Rate Decision

The Yuan Grows on Feds Rate Decision

🕔July 28, 2016

The Chinese Yuan on Thursday displayed a growing strength after the US Federal Reserve left interest rates the same, with Thursday marking the third day of consecutive gains for the currency.

During Thursday’s day trading session in China the yuan was priced at 6.6680 to the dollar at around 10:15 am, this value was 0.09% stronger than the previous day, meanwhile outside China in Hong Kong, the yuan stood 0.06% stronger than its Wednesday value at 6.6667 to the dollar.…

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