fxmatters

The key to future exchange rates is the extent of US subprime home loan losses. At present expectations are building for the worst, at least within the US, and are showing as a weak USD. The next wave of sentiment could prove more positive … Read Coming to the end.

The NZD is being swept along amidst three major global forces at present, all of which have the potential for significant volatility ahead … Read Three of four forces in play

The fragility of, and uncertainty surrounding, the financial system at present is evident with the apparent on again, off again approach to the carry trade. The last ten weeks have produced weekly NZD/JPY falls of 6.3% and now 3.8%, while in between provided weekly gains of 5.0% and 4.5%. It is a rocky path. And it is not over yet … Read Volatility from abroad

It was the Fed last week. This week the spotlight turns to the RBA and the ECB. Both the AUD and EUR have rallied ahead of these monetary policy reviews. What is said will set the tone for the AUD and EUR, and hence NZD, in the next couple of weeks … Read Sell the fact