Aside from the Federal Reserve, the Reserve Bank of New Zealand also has a monetary policy announcement this afternoon. The RBNZ is expected to keep rates unchanged – hard to validate a rate hike when the RBA is planning to ease. Also, the last time the RBNZ met, Governor Bollard said “sustained strength in NZD […]
Entries Categorized as 'New Zealand dollar'
April 25, 2012
January 20, 2011
Since the middle of December, AUD/NZD has fallen more than 5 percent. The weakness of the currency pair is more a function of the problems in Australia than the strength in New Zealand. The floods in Queensland sent the Aussie tumbling as investors grew concerned about the impact on the economy. However over the past […]
March 8, 2010
My favorite forex trade right now is shorting AUD/NZD. After hitting a 9 year high of 1.3124 last week, the rally in AUD/NZD is losing steam. I should have posted about this earlier, but I think there is still room for the currency pair to fall. Last week, the Reserve Bank of Australia raised interest […]
October 12, 2009
I was on CNBC tonight talking about why I believe the Australian and New Zealand dollars are NOT overvalued. On FX360.com I published an article talking about the relative Purchasing Power Parity values of the major currencies and how undervalued the U.S. dollar really is. Enjoy!
June 2, 2009
I was on CNBC this afternoon talking about the outlook for the Australian and New Zealand Dollars