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FinData
Daily Market Report
for 25/07/2014
dollar tumbles after RBNZ says kiwi's strength 'unjustified'
24 Jul 2014 08:41 New Zealand Herald
The New Zealand dollar shed almost one cent against the US dollar to a six-week low after Reserve Bank governor Graeme Wheeler said the currency's strength was "unjustified", invoking one of the central bank's criteria to intervene in the foreign ...  more...
New Zealand Raises Eyebrows With Dollar Talk
24 Jul 2014 17:37 Wall Street Journal
This photo taken on August 11, 2013 shows calves waiting to be fed on a dairy farm near Cambridge in New Zealand's Waikato region, known for its fertile land and dairy industry.  more...
NZ dollar steady ahead of OCR announcement
24 Jul 2014 08:37 3News NZ
The New Zealand dollar is little changed as investors are reluctant to take positions ahead of the Reserve Bank's decision on interest rates.  more...
Butter Surges to 16-Year High as U.S. Exports Cut Reserve
24 Jul 2014 14:37 Bloomberg
Prices at GlobalDairyTrade, the international dairy auction owned by New Zealand's Fonterra Cooperative Group Ltd., fell 34 percent to about $1.43 a pound on July 15, compared with $2.15 on March 4, when U.S.  more...
Australian Dollar Rises After Inflation Data
24 Jul 2014 08:03 Wall Street Journal
The Australian dollar rose to its highest level in two weeks against the U.S. dollar and the yen Wednesday after inflation data dented investors' expectations that Australia's central bank would cut interest rates before 2015.  more...
Indian rupee opens slightly higher at 60 per dollar
24 Jul 2014 15:22 Moneycontrol.com
The Indian rupee opened marginally higher on Thursday at 60 per dollar versus 60.09 Wednesday. The dollar rises to eight month highs versus the euro as worries over tougher sanctions on Russia and their potential impact on euro zone weighed on euro.  more...
USD/JPY: Yen Nudged Lower This Morning On The Back Of Soft Data From Japan
24 Jul 2014 17:15 Action Forex
The Japanese Yen weakened against the greenback after adjusted merchandise trade deficit of Japan widened to ¥1,080.8 billion in June, compared to market expectations of a deficit of ¥1,119.9 billion.  more...
UPDATE 1-Roche first-half sales hit by strong Swiss franc
24 Jul 2014 17:37 Reuters
BASEL, July 24 (Reuters) - Swiss drugmaker posted a slight fall in sales in the first half, as the strong Swiss franc put the brakes on solid growth of its breast cancer medicines.  more...
That’s all folks – OCR increases for 2014
24 Jul 2014 16:55 Scoop
"Today's announcement by the Reserve Bank should be the last of the bad news for this year.  more...
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