Money Matters

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

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New Zealand Dollar rises to 0.8380

Posted by Robert Spring on 17 February 2012

THE NZD/USD is continuing to build on its gains firming to a session high of 0.8381, buoyed by solid domestic AUD/USD buying as well as NZD/YEN cross demand out of Tokyo which has seen the cross rally from 65.75 through 66.00 triggering follow through buying. Comments from Mr Bollard that “The income gap between NZ and Australia and other OECD countries may be smaller than it appears from official figures.

New Zealand’s gross domestic product, for example, could be roughly as much as 10 per cent higher than official figures suggest, when compared with Australia, he said.

Tags: Futures trading, FX trading, NZDUSD

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