A free and open forum for and by Calabria property owners.
View unanswered posts | View active topics Register | Login

All times are UTC [ DST ]

Post new topic Reply to topic  [ 1 post ] 
Author Message
PostPosted: April 24th, 2012, 2:15 pm 

Joined: February 20th, 2012, 2:57 pm
Posts: 42

As mentioned above, the big news for the New Zealand Dollar comes later in the week. The Quarter 4 GDP figures are eagerly awaited after Australia’s equivalent data showed a slowdown linked to slower exports. That mostly stems from China’s much vaunted plan to slow growth but you could certainly argue that, with Europe and the UK barely chugging along, China’s sluggish export markets are driving down production. We get a measure of that this week with the release of the Chinese Purchasing Managers Index. The last reading was below the 50 pivot point between expected growth and decline so traders are nervous ahead of this data. If that data is poor and NZ growth has slowed, as many have suggested, we are likely to see a short term bounce in the Sterling - NZ Dollar exchange rate but I wouldn’t pin my hat on any forecasts for a more sustained rally in the Sterling - Kiwi Dollar exchange rate.

Reply with quote  
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 1 post ] 

All times are UTC [ DST ]

Who is online

Users browsing this forum: No registered users and 1 guest

You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB® Forum Software © phpBB Group