New Zealand Dollar Collapses on RBNZ Comments
The New Zealand dollar sold off aggressively in late U.S. trading on surprisingly dovish comments from the RBNZ. Having already cut interest rates by 525bp, the central bank is now suggesting that either more rate cuts may be needed or that they could start buying long term bonds.
Record Setting Day for Chicago PMI and House Prices
After Monday’s strong rally in the U.S. dollar, it is not surprising to see a correction.
FUQI International Jumps In Pre-Market On Q4 Results
FUQI International, Inc. (FUQI) is on the rise during Tuesday’s pre-market trading on quarterly results. At 9:19 am ET the stock is trading at $4.90 up $0.61 from Monday’s close.