New Zealand unemployment is expected to continued rising for some time, said the country’s Finance Minister Bill English. “Lagging indicators such as unemployment are still worsening and we expect unemployment to keep rising for some time,” said the 48-year-old head of the treasury.
Current Yesterday USD 0.22938 0.22563 GBP 0.54750 0.54625 EUR 0.26938 0.26750 JPY 0.13250 0.12375 CHF 0.08000 0.08000 AUD 2.92000 2.90750 CAD 0.22167 0.22167 NZD 2.50750 2.50000
Written by Terri Belkas, Currency Strategist
The British pound and commodity dollars all face high event risk from rate decisions by the Bank of England and Reserve Bank of Australian, along with Canadian employment and business activity reports. The US dollar could also feel the impact of the ISM non-manufacturing index, but ultimately, risk trends remain [...]
•?US Dollar, Japanese Yen Mixed on Low-Volume Trading •?Swiss Franc Remains Range-Bound vs. Euro as Swiss CPI Signals Deflation •?Australian Dollar, Canadian Dollar Retrace Some of Thursday’s Losses - Commodity Dollars Face High Event Risk Next Week Euro, British Pound Lag as Euro-zone, UK Data Highlight Lingering Recession The euro and British pound were some of the weakest currencies on Friday as economic data added to evidence that the recessions plaguing the Euro-zone and UK have yet to truly let up
New Zealand Dollar Selling Ahead If Stock Markets Turn Lower Fundamental Outlook for New Zealand Dollar: Bearish -?New Zealand Trade Deficit Narrows as Imports Fall Most in 16 Years -?Candlesticks Point to Bearish Reversal as NZDUSD Breaks Channel Support The New Zealand Dollar may see considerable selling pressure in the coming week as a downward reversal in global risk appetite weighs on high-yielding and commodity-linked currencies.
Many owners of our country’s bonds are worried that the federal government is spending like inebriated sailors on shore leave to try and get the nation out of this economic mess.
New Zealand’s Trade Balance, the difference between the country’s exports and imports, exploded by the largest level in its history as exports surged ahead….
Japan’s Industrial Production rose less than economists had forecast, by only 5.9% vs 7.0% in May. The overly optimistic expectation may have come as newly…
New Zealand’s ANZ Commodity Price Index revealed that world prices for the country’s top exports rose for the third consecutive month in May, adding 2.7%…
Forex PIP Defined is the smallest increment in price for a currency pair. The Forex pip is an acronym for Percentage in Point.
