The Reserve Bank of Australia released its Financial Stability Review, which is released twice per year and contains an assessment of conditions in the financial system and potential risks to financial stability. In the report just released this morning, the Reserve Bank of Australia wrote that international financial markets have stabilized since last year and […]
RBA Releases Positive Stability Review Read More »
In his address on Tuesday, Fed Chairman Ben Bernanke, made it quite clear that the US economy was doing well, but there were some areas of concern and that the economy was exposed to many outside factors that could derail growth or cause inflation. In his speech he makes it clear that the Fed would
Navigating The US Economic Recovery Through Dangerous Waters Read More »
The New Zealand dollar fell as investors await more evidence of the pace of global growth, including Chinese manufacturing and US consumer confidence and durable goods orders. The New Zealand fell to 81.60 US cents at 5pm from 81.65 cents at 8am and 81.88 cents at the close of New York trading on Friday. The
The Kiwi This Week Read More »
Australian central bank Director Stevens has been under incredible pressure from every lobbyist group and politician in Oz, to do what seems right but in the long run may not be right. Stevens has done a great job, navigating Australia’s, monetary policy and economy through a long rough course. Now with an obvious slowdown in
Trouble Brewing In Oz Read More »
“In the coming weeks and months, we believe we are more likely to hear rhetoric about currency wars rather than inflation wars – which is why today we have a tactical short term call to be long US dollars,” UBS economists told clients last week. A currency war of sorts may soon be at foot
UBS Warns Of Coming Currency Wars Read More »
New Zealand’s current account deficits have led to a build-up of net financial liabilities, mainly in the form of debt borrowed from overseas to fund the deficits. This is the same as most of the world over the past 4 years, although New Zealand has kept it to a minimum and has managed their budgets
New Zealand A Diamond In The (Economic) Rough Read More »
William C. Dudley, President of the Federal Reserve Bank of New York said today that “real economic activity has yet to be strong enough on a sustained basis to make a big dent in the overall amount of slack in the U.S. economy,” and he pointed to falling participation as support for his view that labor-market
The Australia dollar otherwise known as the Aussie held gains against the USD after reaching the top in a week after RBA Governor Stevens related in his presentation today that China will “grow pretty strongly.” The kiwi reached a nearly 2 year high vs. the yen after reports signaled improvement in New Zealand’s services industry
A Quick Look At Asia On Monday Morning Read More »
Japan, South Korea and international cargo ship insurers are lobbying ECU officials to revise planned sanctions against Iran to permit Europe’s insurance market to cover Iranian oil cargos. The EU oil embargo due to come into effect in July to stop ECU members from importing Iranian oil would also stop EU insurers and reinsurers from
Oil Embargo Hitting Insurers And Having Effects On Iran Oil Shipments Read More »
Sweden wants to think “outside the European box” after its heavy dependence on trade with the area was held accountable for a pointed economic and financial deceleration in quarter 4 of 2011. Swedish trade minister Ewa Bjorling wants to double exports by 2015 thru measures that include chasing export markets outside the depressed EU Union
Eurozone Crisis Starting To Effect Sweden Read More »
