The New Zealand economy is not sick but it's not well due to various imbalances yet the kiwi has shown quite a bit of strength over the last three months.The RBNZ was hawkish over night causing a run back above $0.70.
For now there is probably not much of a conclusion to draw but it is interesting to me that NZ has less ambiguity about its short run than we have here in the US.
I believe that staying current with various currencies is productive even if you are an equities-only person. The currency markets can help with better understanding of foreign stock markets.
4 comments:
Roger, Currencies, exciting...umm..but can you spell it out how the high or low yen impacts equities? As for USD, makes sense to me that if that currency increases, paper...bond and equities..become more of interest than commodities which had been driving the usd down. As for yen, ????...i need the dots connected...love the big pic
Do you have any favorite web sites to
obtain background data regarding
currrency moves?
Jay Charles
background data? Do you actually mean data?
If so Google Finance seems better than yahoo for now.
for commentary I would say to subscribe to the daily pfennig, it is not a great read but there is a lot of current events cited. I like Jyske bank's daily commentary and David Andrew Taylor as well. One last one is Brad Sester who is part of RGE.
Hi Roger,
You have a nice blog on Economics I like all your posting and now i will be your regular visitor and reader. Thank you for sharing your precious information with everyone.
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