The NZ dollar traded near a three-year low after failing to push below 74 US cents, a level it hasn’t breached since late 2011. The kiwi traded at 74.31 US cents as at 5 pm in Wellington, from 74.50 cents in New York on Friday. Earlier, it fell as low as 74.07 cents. The trade-weighted Read More
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Wall Street analysts’ forecasts have a habit of tending toward optimism. Considering what is going on with oil and the dollar, right now they are tending toward the ridiculous. Companies are in the midst of reporting fourth-quarter numbers, and so far the news has been less than good. As of Friday, with results from Read More
Talking Points: US Dollar Moves to Challenge Critical 6-Year Resistance Point S&P 500 Continues Choppy Consolidation Under 2100 Figure Crude Oil Locked in Range Above $ 47, Gold Stuck Below $ 1300 Can’t access the Dow Jones FXCM US Dollar Index? Try the USD basket on Mirror Trader. ** US DOLLAR TECHNICAL ANALYSIS – Prices Read More
The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. The kiwi touched 74.25 US cents this morning, having broken through its 2012 support levels around 74.50 cents, and reaching its lowest level since November 2011 when Read More
The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. The kiwi touched 74.25 US cents on Monday morning, having broken through its 2012 support levels around 74.50 cents, and reaching its lowest level since November 2011 when Read More
Happy Australia Day! Being a public holiday, the offices here at the Daily Reckoning are deserted. I’m not hanging around long either. I’ve got some lamb to cook and beers to drink. I can’t have my daughters growing up in ignorance of fine Australia Day traditions. In my younger years, Australia Day usually involved The Read More
The European Central Bank’s big stimulus plan has thrust the dollar’s advance into overdrive, for better or worse. The Wall Street Journal dollar index, which tracks the value of the dollar versus 16 other currencies, is up 28% since its postcrisis low in July 2011. This is thanks to an improving American economy, expectations for Read More
![CDATA[ By Tina Morrison Jan. 26 (BusinessDesk) – The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. The kiwi touched 74.25 US cents this morning, having broken through its 2012 support levels around 74.50 cents, and reaching Read More
Submitted by Jeffrey Snider via Alhambra Investment Partners, The main problem with looking at the financial world from a “dollar” funding perspective is that there really is no such monolithic existence. The funding conditions in Russia may be very different than those of Swiss banks; they also may be far too similar. Given the impossibility Read More
High yields on Indian government bonds help the currency With the European Central Bank’s latest move to expand its monthly bond purchase programme to €60 billion, the currency market is in turmoil. The euro has hit an 11-year low against the dollar, the dollar index is at an 11-year high. But the rupee is unfazed Read More