As of November 19, New Zealand will have a new National-led government with John Key as their Prime Minister.
What I find most interesting about Key is the fact that he use to be a currency trader!
Maybe someday you and I can be Prime Minister. LOL
Here’s some information on Key:
John Key, the [...]

Posted in Forex News, New Zealand dollar, Uncategorized, forex blog 5 Comments »

I was on Bloomberg Television this evening talking about the Canadian and New Zealand Dollars (click on the image to watch the video)

Posted in Canadian Dollar, New Zealand dollar, forex blog 5 Comments »

Dollar bulls continue to take the markets by the horns, driving the British pound to a 5 year low and the Euro below 1.28. Deleveraging and risk aversion have been the primary catalysts for the strength in the low yielders (US dollar and Japanese Yen) but currency bets gone wrong, repatriation and the fears [...]

Posted in ECB, Fed Rate Cut, Federal Reserve, Forex News, Forex Podcast, Japanese Yen, New Zealand dollar, US Dollar, US Economy, euro, forex blog, reserve bank of new zealand 1 Comment »

Over the past few weeks, it has becoming increasing clear which countries and their currencies are headed down the gutter:
The 3 currencies that I am most bearish for the near term are (in order of bearishness).
1. New Zealand Dollar - Targeting 70 Cents
The Reserve Bank of New Zealand cut interest rates last night [...]

Posted in British Pound, New Zealand dollar, eur/usd 2 Comments »

No, the Federal Reserve did not cut interest, but one central bank did - the RBNZ, which is short for the Reserve Bank of New Zealand.
For the first time in 5 years, the Reserve Bank of New Zealand cut interest rates by 25bp to 8 percent and signaled that rates will be cut even further. [...]

Posted in New Zealand dollar, reserve bank of new zealand 4 Comments »