Euro Falls after Spanish Central Bank Head Resigns
The Euro fell to its lowest level in two years overnight after the head of the Spanish Central Bank resigned over the handling of the
More
Want accurate, timely FX news reports delivered to your inbox each morning? Subscribe to the Morning Report.
The Euro fell to its lowest level in two years overnight after the head of the Spanish Central Bank resigned over the handling of the
More
The Kiwi has continued to regain ground vs. the embattled Euro overnight with the NZDEUR cross trading close to .6100 up 3.5% from the lows
More
The New Zealand Dollar gained over 1% yesterday on the back of improved risk sentiment following the Greek pro-Euro Polls over the weekend. This sees
More
Financial markets held broadly steady on Friday night with an initial rebound being set back by news from Spain about borrowing challenges. The initial wave
More
Just when we thought the markets might start to stage a rebound with all the talk of support for Greece, they decided to start worrying
More
Germany sent the currency markets onto the back foot overnight when they said that they would not discuss the possibility of Eurobonds at tonight’s EU
More
Comments from Chinese Premier Wen Jiabao spurred a rebound in financial markets overnight. Jiabao pledged to focus more on stimulating growth in China, which has
More
The Kiwi dropped further on Friday night, trading down into the low .7500 area vs. the USD as the selling by speculators and international investors
More
The Kiwi has continued to regain ground vs. the embattled Euro overnight with the NZDEUR cross trading close to .6100 up 3.5% from the lows
More
Financial markets, which have dropped sharply in the last ten days, have stabilised overnight after comments from the leaders of Germany and France, Angela Merkel
More
The NZ dollar dropped sharply overnight after another fall in Fonterra’s online Dairy Trade Auction. Prices were down 6.4% on a trade weighted basis in
More
The New Zealand dollar has moved slightly lower overnight, dipping below the .7800 level vs. the USD on continuing concerns about whether Greece will remain
More
Good and bad news over the weekend for financial markets. The good news came in the form of a 0.50% cut in China’s Reserve ratio
More
Financial markets stabilised overnight, on news that two of the three main political parties in Greece are getting close to forming a Government that would
More
The Euro weakened overnight, as doubts grow about the future of Greece within the Euro. Whilst Greek politicians try to form a Government, it looks
More
The NZD and AUD start the day lower vs. the USD as the general risk off sentiment continues to prevail in financial markets driven by
More
Financial markets have stabilised overnight after yesterday morning’s initial sell-off from the results of the weekend elections in France and Spain. The consensus’ view seems
More
The Kiwi starts the day down just over 1.0% vs. the USD after US jobs data Friday night came in below expectations and France and
More
The NZ dollar has dropped a cent from yesterday morning after the release of Q1 unemployment data. Stats NZ said that more people had jobs,
More
Markets have dropped across the board overnight, led by weakness in Europe after a survey of Manufacturing Purchasing Managers dropped to 45.9 in April from
More
The Reserve Bank of Australia slashed the official cash rate by 0.50% yesterday afternoon and indicated that more rate cuts could be forthcoming if economic
More
Financial markets dropped overnight, after news of Spain falling back into recession was released. The news comes as no surprise as Spain battles an unemployment
More