"No fundamental logic" for the NZD's spike on Orr appointment - Westpac

Westpac's strategist Imre Speizer posted his reaction on the recent spike in the NZD/USD pair just ahead of 0.69 handle, citing that there is "no fundamental logic" for the NZD's spike to the announcement earlier.

He added that it could be due to relief that uncertainty over the new governor has been removed.

NZD CFTC positioning is still short and is now undervalued, so a move higher over the next few weeks makes sense, he said.

Dec 11, 2017

North Korea - US naval blockade would be 'declaration of war'

Comments from North Korea are crossing the wires via FT- Cruel violation on our sacred sovereignty and dignity and another public declaration of wa

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Dec 11, 2017

Three Fed rate hikes seen in 2018 – Bloomberg Survey

According to the results of Bloomberg survey, a majority of the economists see the Fed raising the interest rates three times next year. Key Findings

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