New Zealand's Dollar Trades Near Year Low on Credit Concerns
tubbykid.com — New Zealand's dollar traded near its lowest for the year on concern that global credit-market losses will widen after the International Monetary Fund said there was no end in sight for the U.S. housing slump. (Submitted by MollyDoisneau) More...
The New Zealand Dollar rebounds despite soft GDP data
tubbykid.com — The New Zealand dollar rebounded today from an overnight slump despite soft GDP data. In a counter-intuitive move the kiwi climbed against all currencies despite news the economy shrank by 0.3 per cent in the March quarter. (Submitted by MollyDoisneau) More...
ANZ's Eslake Says Australian Dollar-Yen May Fall on Subprime
forex4noobs.com — Sept. 6 (Bloomberg) -- The Australian dollar may slump 13 percent against the yen in two years as U.S. subprime mortgage defaults encourage investors to cut holdings of the currency bought with borrowed money in Japan, said Saul Eslake, at Australia & New Zealand Banking Group Ltd. (Submitted by NesmithDJ) More...
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