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Moody’s Downgrades China Debt, Adds Another Weight onto Australian Dollar

The Australian dollar has fallen this morning following a downgrade of China’s debt rating by US ratings agency Moody’s. The giant Asian nation has been assigned a new rating of A1 (from Aa3) by the agency on the grounds that its “financial strength will erode somewhat over the coming years.” It is the first time... View article >
Currency:
Posted on 24 May 2017 | 6:03 am GMT
Author: Joel Wright

A Decline in New Zealand Dollar Likely as RBNZ Disappoint, Still Sees No Rate Hike Until 2019

The New Zealand dollar has fallen more than a cent against the US dollar following this morning’s RBNZ statement. As expected by the market, New Zealand’s official cash rate was kept at its record low of 1.75%, but the dovish tone of the RBNZ’s accompanying statements has surprised many. “Monetary policy will remain accommodative for... View article >
Currency:
Posted on 11 May 2017 | 6:12 am GMT
Author: Joel Wright

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