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18 Oct 2007: New Zealand Fin Min: NZD Still Somewhat Overvalued Versus USD
New Zealand Finance Minister Michael Cullen said Thursday the New Zealand dollar remains "somewhat overvalued" against the U.S. dollar. ...
17 Oct 2007: Risk aversion reappears, equities weaken
NZD gets smacked by risk aversion. The NZD traded a fairly tight range during yesterday’s local session briefly dipping to around 0.7592 before finding support above 0.7600. ...
17 Oct 2007: USD, JPY Rebound
The major currencies pared their gains versus the dollar in the Tuesday session as the upcoming G7 Finance Minister’s meeting looms. Traders pushed the Aussie beneath the 0.90-level to 0.8825 and the sterling under the 2.03-mark. ...
15 Oct 2007: EURUSD: Stuck between a rock and a hard place
As luck would have it, both good and bad news hurts the USD these days. Any indication that the US housing recession is hurting US consumers causes the markets sell the USD because of the risk of recession and lower expected yields. ...
15 Oct 2007: UK gilts flat at start of busy data week
British gilts were little changed in early trade on Monday, steadying after their sharp fall last week as the market awaited a busy week on the economic data front.
At 0825 GMT, the December gilt future was trading at 106.22, down two ticks. ...
At 0825 GMT, the December gilt future was trading at 106.22, down two ticks. ...