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Entries for October, 2007

Caught between the RBA and Fed

The US Fed is very likely to ease US monetary policy this week while the RBA could well raise Australia’s cash rate a notch the following week. The NZD is caught in the middle, especially with the RBNZ adopting a neutral tone … Read More carry on

When Ben shrugs

The news just keeps rolling in against the USD. A EUR at $1.45 looks very likely now. Maybe even higher. But the carry trade is also looking shaky. And the local growth rate is low. Which forces wins out? … Read Amidst the turmoil

Following the pack

While the NZD has been firming against the USD it is still significantly lower now than at the end of the previous quarter against many other currencies … Read Following the pack for now

A yen for risk

Share markets and risky currencies are rallying once more. But the IMF is warning against complacency. And the major fx banks predict a higher JPY, not lower. Something is not quite right with this picture … Read Yen still tipped to rally

Drifting higher

The NZD/USD is once again above 75 cents. This is not sustainable. But just what will trigger another fall? … Read Looking for triggers