March 17th, 2009
The Kiwi stayed flat yesterday, before jumping overnight as investor risk appetite continued to strengthen.
The local session saw the Kiwi stay flat as investor sentiment overrode the influence of more poor local data. Manufacturing sales volume fell over 5% in quarter 4 last year, which, after 4 consecutive quarters of contraction, now finds itself at its lowest level on record. Read Full Article »
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| tags:gdp figures, Interest Rate, investor risk, kiwi, rally, RBA, recession, risk appetite, STI, Stock Market, stock markets, TSE
March 5th, 2009
The Kiwi climbed overnight as a small degree of confidence returned to global equity markets.
It wasn’t all sunshine and kittens for the Kiwi though as the local session saw it and AUD pulled back from the previous night’s gains. The biggest drop came when the Australian GDP figures were released showing a surprising contraction of 0.5% in Q4 2008 – the first drop in 8 years and considerably under the expected 0.2% rise. The AUD dropped a cent against the USD on the news (pulling the Kiwi lower) as investors wondered whether the RBA’s confidence had been misplaced, with pressure now being brought to bear for a large rate cut in April. Read Full Article »
Share this article: | tags:gdp figures, global economy, global equity, house price, Interest Rate, kiwi, rally, RBA, risk appetite, STI, Stimulus Package, Stock Market, stock markets, USD
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