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Opinion: Strong US factory output, Australian GDP growth boost currencies, but NZ$ slips versus...
- Interest, 2 Sep 2010
By Mike Jones*
All the boxes were ticked for NZD strength overnight.
Fading risk aversion, a broadly weaker USD, a soaring AUD, and a jump in milk prices all combined to propel NZD/USD from sub-0.7000 to almost 0.7120 last night.
Yesterday’s blockbuster Australian GDP figures...
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Powder prices jump 16.9% in Fonterra's September auction, backing hopes for NZ$7/kg payout
- Interest, 2 Sep 2010
Fonterra has announced that prices at its monthly internet auction of milk powder overnight bounced 16.9% to a three month high.
This reinforces Fonterra's August 20 decision to hold its current forecast...
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90 seconds at 9 am with BNZ: The day after the collapse; 'No fire sale'; NZ dollar falls
- Interest, 1 Sep 2010
Bernard Hickey details the key news overnight in 90 seconds at 9 am in association with the Bank of New Zealand , including news the day after the financial collapse that brought the global financial...
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