With so many countries releasing trade numbers this week, we thought it would
be interesting to look at how trade balances of various countries compare. On
the most fundamental level, currencies move on supply and demand and there is
no greater demand for currencies than for
Less than one per cent of the $65 billion Future Fund is invested in peripheral
countries of Europe , such as Spain and Portugal, and where there are worries
over sovereign debt levels . General manager of the Future Fund Management
Agency Paul Costello told a Senate estimates
FOREX: CREDIT DEFAULT SPREADS AND EUR/USD EUR/USD: G7 LEAVES MUCH TO BE DESIRED
GBP/USD: LEADS G7 PUSH FOR BANKING FEE USD/CAD: NEW BUBBLE IN HOUSING ?
NZD/USD: BOLLARD FINDS THAT ECONOMY IS STILL FRAGILE AUD/USD: CUTTING BACK ON
Although the G7 has come and gone with no official statement on currencies, the
USD maintains its strong bid into the new week, and tracks higher against all
major currencies. In Japan, the current account surplus widened for a fifth
consecutive month, while loan growth shrank for the second
It is a vicious financial circle; the more fears over deficits and debts grow,
the harder it becomes for the troubled eurozone nations to borrow money to stay
afloat. With 16 EU nations now using the euro the problems are resonating
throughout bloc. The euro fell below 1.36 dollars on Friday,
The swelling public deficits in Portugal, Spain and Greece have plunged the
eurozone into the biggest crisis in its 11-year life, presaging years of
belt-tightening, analysts warn. It is a vicious financial circle; the more
fears over deficits and debts grow, the harder it becomes for
U.S. DOLLAR: HAVE WE HIT A CAPITULATION POINT ? EUR/USD: STRONGER ECONOMIC DATA
BRINGS REPRIEVE GBP/USD: WILL HOTTER INFALTION BE SUSTAINABLE ? USD/CAD:
SURPRISING INCREASE IN EMPLOYMENT AUD/USD: OIL PRICES
FOREX MARKET HIT BY CRISIS OF CONFIDENCE EUR/USD: HITS 8 MONTH LOWS GBP/USD:
RISK IS TO THE UPSIDE FOR BOE USD/CAD: EMPLOYMENT NUMBERS COULD DISAPPOINT
AUD/USD: CONSUMERS CUT BACK HOLIDAY SHOPPING NZD/USD: SHARP DECLINE
The number of New Zealanders permanently emigrating fell to a six-year low in
2009, the statistics agency said yesterday. With exporters Winstone Pulp
International Ltd. and Cedenco Foods Ltd. cutting jobs at home, the jobless
rate jumped to 7.3 percent in the fourth quarter. The competition
AFP Eurozone growth is likely to be only moderate in 2010 and economic recovery
"uneven", the head of the European Central Bank said on Thursday. "The euro
area economy is expected to grow only at a moderate pace in 2010 and the
recovery process could be uneven," Jean-Claude Trichet
FOREX: CREDIT DEFAULT SPREADS AND EUR/USD EUR/USD: G7 LEAVES MUCH TO BE DESIRED
GBP/USD: LEADS G7 PUSH FOR BANKING FEE USD/CAD: NEW BUBBLE IN HOUSING ?
NZD/USD: BOLLARD FINDS THAT ECONOMY IS STILL FRAGILE AUD/USD: CUTTING BACK ON
