ANZ suggests there are enough positives to believe the Australian dollar can make further gains against the US dollar, with parity a possibility.
TD Securities suggests New Zealand’s GDP growth for the first quarter of the year could even be negative, so bringing forward rate cuts and weakening the NZ dollar.
The Dow gave back a 100 point rally to be up 40 when one chip-maker pointed to the Nymex.
The Dow rose 94 points after selectively viewing mixed data and focusing on deal-making.
Recent data on the New Zealand economy have been weaker than expected and has analysts and traders predicting cuts in interest rates and corresponding falls in the Kiwi dollar.
America registered another benign CPI in April as gasoline prices fell 2%. Come again? The Dow rallied 66 points.
The Dow fell 44 points last night as financials slipped again and oil went back up once more.
The Dow gained 130 points last night as US dollar strength tipped oil over slightly.
The poor result from AIG sparked renewed concern in financials while oil hit US$126 and metals took a dive. The Dow fell 120.
The Dow managed a late gain to be up 52 as oil was higher yet again. Base metals had a slide.