Collinson FX market Commentary: August 13, 2014 Click here to find out how to get CollinsonFX's free iPhone app
Stocks retraced any gains with little on the economic front to support the bull markets. The Dollar remained an attractive target with the EUR 1.3370 and the GBP 1.6815.
Economic developments were few and far between and the Geo-political concerns dissipated allowing some confidence to return. The Russians bide their time while awaiting the opportunity for further developments globally to shadow their humanitarian invasion.
The NZD remained bid with the interest rate differential remaining attractive around 0.8440. Australian business confidence rose as did house prices but this did little to assist the currency with the AUD 0.9275. Collinson FX market Commentary: August 12, 2014
The rebound in equities continued to begin the new week amongst light economic data releases. With little to drive the markets on the economic front Geo-Political issues become front and center.
The Dollar stabilized, with threats on multiple fronts, the EUR trading 1.3385 and the GBP 1.6790.
NZ Credit Card spending was dead, which is a further reflection of the impact Monetary Policy is having on the economy.
The KIWI remains supported by interest rate differentials trading 0.8450 while the AUD drifted back to 0.9260. For more on Collinson FX and market information see:
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