#AUD and #NZD fall against #GBP as Chinese uncertainty continues – 7th September 2015
Efforts by Chinese authorities today to prop up the Shanghai stock market this morning were not of much help to the commodity currencies with the NZ Dollar worst-hit, down by nearly three cents - 1.2% - while the Aussie Dollar is down by a cent against...
#GBP steady against #EUR as UK #GDP on target at 0.7% – 1st September 2015
In the West we are used to rumours. Rumours surrounding central banks monetary policy for example; will the Bank of England raise interest rates this year? Speculation about when the US Federal Reserve will raise rates. What I didn't realise until this morning, is that...
#USD benefits from suspicion US interest rates will remain on hold – 27th August 2015
Yesterday was another day of wild swings in global stock markets. In Europe, the indices managed to lose the previous day's gains as western stock markets continue to be heavily influenced by China's stock markets which saw early gains eroded to end with yet more...
Chinese rate cut sees #USD rally and #EUR fall – 26th August 2018
In an attempt to stabilise the markets, the Chinese Central Bank cut interest rates for the fifth time in a year and reduced reserve requirements for the banking system yesterday. Following the cut a degree of optimism ensued, the US Dollar rallied and the Euro...
Sterling Australian Dollar Update – 25th August 2015
Remember when the Australian economy was bubbling along nicely back in 2008-2011 while the UK, US and European economies were faltering and suffering from recession? Well, one of the main reasons for the Australia avoiding recession was China and Chinese demand for Australian raw materials...
Chinese turmoil causes #NZD #AUD to suffer but #EUR soars – 25th August 2015
It was a surprise to see the Euro benefiting as investors sought safer assets amidst the Chinese market drama. As stock markets dropped, the Euro gained strength at one stage by 3% against both the US Dollar and Sterling. Since the Chinese move on 17th...
#EUR basks in the sunshine as #GBP risks getting washed away – 14th August 2015
Prior to the Bank of England meeting last week, Sterling was enjoying a bright, warm and sunny summer. Since then, Sterling has been blighted as the BoE dampened anticipation of a move towards an interest rate rise in the UK. Sterling did recover slightly yesterday, bouncing...
Aussie and Kiwi Dollar’s recover – 13th August 2015
Having suffered for the previous two days the Australian Dollar leads the field this morning with the New Zealand Dollar close behind as the other commodity-oriented and emerging-market currencies were all stronger on the day. Does that now signal a return to business as usual? The...