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Currency Concepts - Delivering an Alternative Investment



NZD/USD:            .7643/7970

AUD/USD:           .9852/1.0170

NZD/AUD:           .7665/7861

Last week

The week was dominated by Kiwi racing higher against all our trading partners. With a 4% rise against both the USD and the AUD, Kiwi has responded to the good data out last week. Heading this was the employment data which in particular was very strong, this has given some impetuous to some thinking that a rate rise will happened sooner than expected.

The US also posted some great data, with the nonfarm payrolls out on Friday night posting a very strong +151 against t a lower forecast and a negative release the month before.

Not to forget the sneaky rate rise on Melbourne cup day across the ditch, which saw AUD pop well and truly through parity.

This week

With more concerns brewing in Europe and with the Dollar looking like we have seen a short term bottom, it’s going to be a case of selling Euros this week. The Euro has already come off its highs and with the world looking for better places to put its money the risk return has definitely swayed from the old world into the new. Just look how strong Kiwi and AUD have been.

The late rally in the Dollar last week should continue to as the market is digesting a lot of data and the over positioning has just got a little ahead of itself.

Fund news

We are having a big meeting tomorrow so we hope to have some definitive news to give you.



Mon 8 Nov

Aus   Oct ANZ Job Ads

US    Fedspeak – – – Bullard and Warsh.

Eur   Nov Sentix Investor Confidence

Ger   Sep Industrial Production

Can   Oct Housing Starts 186k 183k


Tue 9 Nov

NZ   Oct Electronic Card Transactions

Aus  Oct NAB Business Survey 7

US   Oct NFIB Small Business Optimism

     Nov IBD-TIPP Economic Optimism

     Sep Wholesale Inventories.

Jpn  Oct Bank Lending

     Sep Current Account ¥bn

UK   Oct BRC Retail Sales Monitor

     Oct RICS House Prices net balance

     Sep Trade Balance £bn

     Sep Industrial Production

Can  Sep New House Prices 0.1% 0.1%


Wed 10 Nov

NZ   RBNZ Financial Stability Report

Aus  Nov Westpac-MI Consumer Sentiment 117.0

     Sep Housing Finance (no.) .

US   Sep Trade Balance

     Oct Import Prices

     Initial Jobless Claims

     Oct Budget Statement

UK   BoE Quarterly Inflation Report

Can  Sep Trade Balance C$bn


Thu 11 Nov

NZ   Oct Food Prices

Aus  Oct Employment chg

     Oct Unemployment Rate.

     Nov WBC-MI Unemployt Expectations

     Nov MI Inflation Expectations

US   Fedspeak – – – Lockhart.

     Veteran’s Day – – – Public holiday.

Jpn  Sep Machinery Orders

     Oct Corporate Goods Prices


Fri 12 Nov

NZ   Oct REINZ House Prices

US   Nov UoM Consumer Sentiment Prelim

UK   Oct Consumer Confidence

Eur  Q3 GDP

     Sep Industrial Production

Ger  Q3 GDP




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+64 9 520 8415