| Big Mac Verdict: Undervalued The New Zealand dollar is slightly undervalued, according to the Economist 's latest Big Mac index.The index is its tongue-in-cheek application of the theory of purchasing power parity. At an exchange rate of US71.9c, a Big Mac... nzherald.co.nz |
Dollar Shows an Economic Rather than Risk Response to a Poor NFPs Showing (DailyFX) - Euro Volatility Dulled by US Employment Focus, Next Week’s GDP Figures Take Greater Responsibility - Canadian Dollar Stumbles on a Surprise Drop in National Employment - British Pound on the Verge of the Next Phase of its Rally with the BoE’s Quarterly Statement on Deck - Australian Dollar Little Surprised by RBA’s Quarterly Statement, Next Week’s Jobs Data Could Revive Volatility - Japanese Yen: Should the Market Simply Ignore the Bank of Japan’s Rate Decision Next Week? finance.yahoo.com |
FOREX-Dollar down vs euro, yen ahead of Fed statement [at Reuters] - * Dollar down on speculation Fed may suggest more QE * Aussie rallies after hawkish comments from RBA s Stevens * Yen up but investors wary of further BOJ intervention us.rd.yahoo.com |
Speculative Positions Flip to Net Long Euros and British Pounds [DailyFX] - Non commercial positions are now new long Euros and British Pounds. While this indicates potential for a long term uptrend, the initial crossover tends to lead to a range period. finance.yahoo.com |
RPT-FOREX-US dollar rises vs euro; Aussie hits parity * Fed Chairman Bernanke sees case for more policy easing * Aussie dollar rises above parity for 1st time since 1983 us.rd.yahoo.com |