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8 May 2013
Session Recap: RBNZ hits the spotlight; China trade surplus beats estimates
FXstreet.com (Barcelona) - NZD/USD was heavily sold today in Asia-Pacific on RBNZ governor comments saying the central bank has been selling Kiwi dollars in past weeks, and that even could lower rates if high housing market started to ease as a threat. The pair sold off below the 0.84 handle, extending yesterday's loses.
The USD though weakened a bit overall following better than expected China trade surplus, showing exports still rose more than 14% year on year, when +9% was expected, which also helped Aussie managing to print a double low above the 1.0150 mark, following yesterday's slump below the 1.02 handle on record low RBA rate cut at 2.75%.
Local share markets all show profits without exception, following overnight's all time record highs in US equities, with SP500 closing in NY at fresh 1625 highs, level never seen before. Oil has moved slightly higher during the session above the $95 mark, while Gold first saw some selling followed by some buying to fresh session highs, to end up the session pretty much unchanged around the $1454 mark for the spot market.
Main headlines in the Asian Session:
RBNZ’s Wheeler: House prices growth is problematic, RBNZ to apply higher LVR from Sept 30
RBNZ Weeler: NZD is overvalued, hinders rebalancing
Forex: EUR/USD closed flat on the day, what’s moving the Euro?
US Treasury’s Lew: US economy should be growing by 3% or more next year
RBNZ sees heightened risks to New Zealand's financial stability
Forex: NZD/USD below 0.8450 on RBNZ Financial report
Forex: AUD/USD chart setting up for further declines?
Forex: AUD/NZD shrugs off initial declines to finish slightly higher
Forex: AUD/JPY still above key 100 level
Forex: EUR/JPY advances continue to be capped at 130.50
Commodities Brief: Precious metals finish lower as US equities continue to outperform
RBNZ’s Wheeler: Says there is scope to cut rates if the house price risk removed
Forex: NZD/USD succumbs below 0.84; RBNZ selling the Kiwi
Forex: US Dollar Index still struggling to find direction on daily chart
Japan’s finance minister Taro Aso: Aim is to raise sales tax while monitoring the economic situation
China trade surplus stronger-than-expected
Forex: GBP/USD rally runs out of steam, finishes day sharply lower
ECB might support idea of buying ABS
The USD though weakened a bit overall following better than expected China trade surplus, showing exports still rose more than 14% year on year, when +9% was expected, which also helped Aussie managing to print a double low above the 1.0150 mark, following yesterday's slump below the 1.02 handle on record low RBA rate cut at 2.75%.
Local share markets all show profits without exception, following overnight's all time record highs in US equities, with SP500 closing in NY at fresh 1625 highs, level never seen before. Oil has moved slightly higher during the session above the $95 mark, while Gold first saw some selling followed by some buying to fresh session highs, to end up the session pretty much unchanged around the $1454 mark for the spot market.
Main headlines in the Asian Session:
RBNZ’s Wheeler: House prices growth is problematic, RBNZ to apply higher LVR from Sept 30
RBNZ Weeler: NZD is overvalued, hinders rebalancing
Forex: EUR/USD closed flat on the day, what’s moving the Euro?
US Treasury’s Lew: US economy should be growing by 3% or more next year
RBNZ sees heightened risks to New Zealand's financial stability
Forex: NZD/USD below 0.8450 on RBNZ Financial report
Forex: AUD/USD chart setting up for further declines?
Forex: AUD/NZD shrugs off initial declines to finish slightly higher
Forex: AUD/JPY still above key 100 level
Forex: EUR/JPY advances continue to be capped at 130.50
Commodities Brief: Precious metals finish lower as US equities continue to outperform
RBNZ’s Wheeler: Says there is scope to cut rates if the house price risk removed
Forex: NZD/USD succumbs below 0.84; RBNZ selling the Kiwi
Forex: US Dollar Index still struggling to find direction on daily chart
Japan’s finance minister Taro Aso: Aim is to raise sales tax while monitoring the economic situation
China trade surplus stronger-than-expected
Forex: GBP/USD rally runs out of steam, finishes day sharply lower
ECB might support idea of buying ABS