Australia and New Zealand's largest independent stockbroker

中文
Open an Account
Regulations & Compliance
- Disclosure Documents
  Download and read the full BBY NZ Disclosure Statement.
  Download Now
- Terms & Conditions
  Download and read the full BBY NZ General Terms and Conditions.
  Download Now
- Privacy Policy
  This Privacy Statement explains how BBY(NZ) Limited collects, maintains, uses and discloses your personal information.
  Read More
- Website Terms & Conditions
  Read the full BBY NZ website Terms and Conditions.
  Read More
- Disclaimer
  Read the full BBY NZ disclaimer.
  Read More
- Making a Complaint
  If you are not satisfied with the service you have received from us you should contact us here.
  Read More
Resources
- Seminars & Events
  Subject to availability of participants we periodically run a range of seminars each day of the week at 5pm.
  Read More
- Traders Dictionary
  Stuck on some jargon? We cover the common terminology here.
  Read More
- Overnight Points of Interest
  Our Overnight Points of Interest newsletter is distributed electronically to clients and subscribers on a regular basis, generally daily.
  Read More
- Money Matters Blog
  Informative blog posts from BBY NZ staff members.
  Read More
Services & Fees
Corporate Clients
- Corporate Finance & Advisory
  Offering a broad range of strategic services, focused on high growth and high potential Australian businesses.
  Read More
- BBY Billion Dollar Club
  BBY backed companies that have gone from $200 million market cap to over a billion dollars.
  Read More
- Case Studies
  Past case studies on BBY solving multiple problems for its corporate clients.
  Read More
- Current & Past Transactions
  Over $2.1 billion of capital raised with a number of stocks joining the BBY Billion Dollar Club.
  Read More
- Contact Us
  Contact the Corporate Finance Team.
  Read More
About Us

Money Matters

Share:

Resources » Money Matters » Another confirming factor for USD weakness

team Graham Parlane

Another confirming factor for USD weakness

Posted by Graham Parlane on 29 February 2012

We are seeing USD weakness prevalent everywhere right now. Gold and Silver moving strongly higher, EUR at 4 month highs, NZD and AUD pushing at the top of 1 month consolidations. In Asia earlier today we saw SGD (Singapore Dollar) gap higher and now this news on China

SYDNEY, Feb 29 (IFR) – The PBOC has set USD/CNY today at 6.2919, the lowest level (or highest yuan value) since the 2005 revaluation

This feels to me like the 2010 when I often noted “if it’s not one thing making new highs against the USD then it’s another”.

Tags: AUD, Broker, Bullion, CFD trading, CFDs, Commodities, Foreign Exchange, Futures, Futures trading, FX, FX trading, Gold, Gold investment, Gold trading, NZD, Precious Metals, SGD, Silver, Silver investment, Silver trading, Trader, USD

BBY (NZ) Limited. All rights reserved (NZBN 9429034016398). Part of the BBY Group (BBY Limited. Participant of the Australian Stock Exchange Group. ABN 80 006 707 777 AFSL 238 095).