Collinson FX Market Commentary - May 25 - KIWI surges past 70c
by Collinson FX on 25 May 2017
Starling National Championships - Final Day - Wakatere Boating Club. April 18, 2017 Richard Gladwell
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Collinson FX Market Commentary - May 25 - KIWI surges past 70c
Fed Minutes revealed a cautious plan to slowly unroll the massively overblown balance sheet. There is a plan to reduce the outrageous $4.5 Trillion sitting on the Fed's balance sheet, although not aggressive, which the market welcomed.
Bond yields retreated and equity markets posted modest gains. US House prices posted some gains, while Existing Homes Sales drifted, sending mixed signals from a key leading sector.
The Dollar remained depressed, with the EUR holding 1.1200, while the GBP traded 1.2950. Local markets will digest the NZ Budget, which will likely be an election economic plan, affirming the stronger economy allows delivery. The NZD has surged above 0.7000, supported by a sliding reserve, while the AUD attempts to regain
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