November 20th, 2009
A round of risk aversion has swept the globe in the last 24 hours taking the floor out from beneath the NZD.
Overnight news had a negative tone but the data was not horrendous. British retails sales were 0.20% short of expectations at 0.40% and wholesale activity in Canada was released at a 0.20% gain for the month Read Full Article »
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November 20th, 2009
The Australian dollar suffered its biggest fall in 3 weeks overnight as investors looked to lock-in profits as year end approaches after a long rally carried the local currency to 15-month highs this week. The Aussie dipped towards $0.9130 overnight, down from Read Full Article »
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November 19th, 2009
The Australian dollar fell further from 15 month highs on Wednesday as investors seized on recent strength to take profits, however the local currency unit remains well supported by rising local interest rate expectations. The Aussie Read Full Article »
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November 17th, 2009
The Australian dollar held near 15 month highs on Monday, supported by a struggling US dollar, record high gold prices and gains in global stock markets.
Spot gold prices hit a record overnight as investors hedged against a weak US dollar, trading as high as AUD$1,143.90, up almost $25 on the day.
US retail sales released overnight showed a stronger Read Full Article »
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November 16th, 2009
The Australian dollar firmed in early local trade Monday, a solid start to the week on the back of rising share prices and greater risk appetite.
Risk appetite was driven higher on Friday by a solid performance from Read Full Article »
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