| Canadian Dollar To Face Shift in Risk Trend, Slower Economic Growth (DailyFX) Canadian Dollar To Face Shift in Risk Trend, Slower Economic Growth Fundamental Forecast for Canadian Dollar: Neutral - Bank of Canada Turns Cautious - Canadian Price Growth Weakens in May - Retail Spending Falters, Weighing on Growth Outlook - USD/CAD: Bulls Return to Challenge Channel Top The Canadian dollar lost ground against the greenback following a shift in market sentiment and the drop in risk appetite may drag on the exchange rate over the following week, while a slower pace of growth in Canada could discourage expectations for another rate hike as the central bank maintains a cautious outlook for the region. finance.yahoo.com |
Dollar Finally Gains Traction as Sentiment Plunges but Fundamental Catalysts Undermine Advance (DailyFX) • Euro Eases off its Risk Course but the EU Stress Test Results Next Week Will Determine its Bearing • British Pound Tumbles Ahead of Week Loaded with Growth, Interest Rate and Financial Health Updates • Japanese Yen Further Retreats into its Role as the FX Market’s Favored Funding Currency • New Zealand Dollar Suffers its Biggest Drop Since October as Inflation Data Accelerates Risk Aversion finance.yahoo.com |
New Zealand Dollar Tests 200-Day SMA, Japanese Yen Lags Behind (DailyFX) The New Zealand pared the decline from earlier this week and rallied to a high of 0.7090 following the rebound in market sentiment, while the Japanese Yen weakened across the board and is the worst performing currency against the greenback Thursday. finance.yahoo.com |
Japan Gears Up to Push Down the Yen [at New York Times] - Prime Minister Naoto Kan said Japanese officials were in talks with their counterparts overseas to lay the groundwork for a possible intervention on currency markets. us.rd.yahoo.com |
Gareth Morgan: Debt adds extra pressure to sell assets If foreigners can't use New Zealand dollars to buy New Zealand assets why would they be willing to hold New Zealand dollars? Last week's column on fo nzherald.co.nz |