Colonel Gadaffi is clinging on to power in Libya where there is a mass uprising against his regime. Gadaffi’s rhetoric is becoming more aggressive as he describes anti-regime protesters as ‘rats’ and calls on supporters to ‘cleanse Libya house by house’ unless protesters surrender. This has heavily reduced risk appetite in the market place, causing [...]
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Libya Crisis Reduces Risk Appetite and Earthquake Hits The New Zealand Dollar
Wednesday, February 23rd, 2011Euro Vs US Dollar Forecast
Friday, October 22nd, 2010Foreign Currency Market Update – EUR / USD Update The chart below gives a two year history of the EUR USD exchange rate. At the outset of the credit crisis the dollar rallied strongly as investors piled into the world’s largest reserve currency. The Euro recovered strongly in the second half of 2009 as equity [...]
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Wednesday, April 14th, 2010The Aussie dollar rebounded sharply after experiencing a bout of weakness in early February that was caused by a correction in world stock markets and a surprise decision by the Reserve bank of Australia to keep interest rates on hold at 3.75% (investors had been expecting a move to 4%). Since then stock markets have [...]
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