Intraday Market Thoughts
Archived IMT (2009.06.10)
by
Jun 11, 2009 0:35
After dropping to as low as 0.6250s, Kiwi spiked back to 0.6330s when the RBNZ held rates unchanged and its Governor Bollard says there was no sense in currency intervention (selling the Kiwi). The RBNZ policy statement said "stronger dollar at a time of weak global growth risks delaying or even reversing the projected increase in exports, putting the sustainability of recovery at risk". As long as Bollard spoke against intervention traders did lift the currency vs USD and JPY, but sold against AUD.
Latest IMTs
-
Deflationary Bitcoin صلابة بيتكوين
by Ashraf Laidi | Apr 24, 2024 11:20
-
Of Gold Extensions مقياس إمتدادات الذهب
by Ashraf Laidi | Apr 15, 2024 16:38
-
Bitcoin performance & Miners Prehalving
by Ashraf Laidi | Apr 9, 2024 17:07
-
English Translation to Arabic Interview
by Ashraf Laidi | Apr 7, 2024 21:01
-
فشل الفدرالي في إقناع الأسواق
by Ashraf Laidi | Apr 6, 2024 14:17