The Reserve Bank of New Zealand cut interest rates by 150bp this afternoon to 5 percent. This is the largest interest rate cut for the central bank and brings their total easing since July to 325bp.

Although the degree of the rate cut was not that big of a surprise, the  comments from RBNZ [...]

Posted in Forex News, New Zealand dollar, forex blog, reserve bank of new zealand No Comments »

In less than 24 hours, we have interest rate decisions from 3 countries:
1. New Zealand
2. United Kingdom
3. Eurozone
With the global easing cycle in full swing, rate cuts are expected all around. New Zealand and the UK have been two of the most aggressive countries when it comes to cutting interest rates.  At their last meetings, [...]

Posted in Bank of England, BoE rate cut, British Pound, ECB, Forex News, Forex Podcast, New Zealand dollar, ecb rate cut, eur/usd, euro, forex blog, reserve bank of new zealand No Comments »

With the global economic downturn in full swing, one of the burning questions on everyone’s minds is who will be the first central bank to take interest rates to zero and how close will everyone else get?
We are in a global easing cycle and the varying aggressiveness of central banks around the world means [...]

Posted in Australian Dollar, Bank of Canada, Bank of England, Bank of Japan, Bernanke, BoE rate cut, British Pound, Canadian Dollar, ECB, Fed Rate Cut, Federal Reserve, Forex, Forex News, Japanese Yen, Reserve Bank of Australia, Swiss Franc, USD/CAD, ecb rate cut, forex blog, reserve bank of australia intervention, reserve bank of new zealand, swiss national bank No 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 »

Here is the “In the Financial Papers Radio Broadcast” (Length: 5:04 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
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In the Financial Papers:

 
Podcast Covers:
Reserve Bank of New Zealand Cuts Interest Rates
German Business Confidence Hits 3 Year Low
UK Retail Sales Sees Biggest Drop in [...]

Posted in FX Radio, Forex Podcast, forex blog, reserve bank of new zealand, retail sales 1 Comment »