You are here

Taiwan and New Zealand want their dollars down

Section: Daily Dispatches

Taiwan Dollar Rally Seen Ending on Intervention, Market Reversal

From Bloomberg News
Monday, October 7, 2013

Trading patterns suggest the rally that drove the Taiwan dollar to an eight-month high will end on speculation that central bank Governor Perng Fai-nan will step up intervention to support exporters.

The currency's 0.7 percent advance since the Federal Reserve unexpectedly maintained its bond-purchase program on Sept. 18 pushed the 14-day relative strength index to 29 on Oct. 4, below the 30 threshold that typically signals a reversal, according to data compiled by Bloomberg. The Taiwan dollar's commodity channel index stayed below minus 100 in the last four trading days, which some technical analysts interpret as meaning the U.S. currency was oversold.

... For the full story:

http://www.bloomberg.com/news/2013-10-07/taiwan-dollar-rally-seen-ending...

* * *

English Says New Zealand Dollar Exchange Rate Still Too High

By Matthew Brockett
Bloomberg News
Sunday, October 6, 2013

WELLINGTON, New Zealand -- New Zealand Finance Minister Bill English said the nation's currency remains too strong and is hampering exports.

"The exchange rate, in our view, is still too high," English said in Wellington today after the Treasury published financial statements for the year through June. "It remains a headwind for the export sector."

... For the full story:

http://www.bloomberg.com/news/2013-10-07/english-says-new-zealand-dollar...



ADVERTISEMENT

How to profit with silver --
and which stocks to buy now

Future Money Trends is offering a special 16-page silver report with our forecast for 2013 that includes profiles of nine companies and technical analysis of their stock performance. Six of the companies have market capitalizations of less than $800 million and one company has a market cap of only $30 million. The most exciting of these companies will begin production in a few weeks and has a market cap of just $150 million.

Half of all proceeds from the sale of this report will be donated to the Gold Anti-Trust Action Committee to support its efforts exposing manipulation and fraud in the gold and silver markets.

To learn about this report, please visit:

http://www.futuremoneytrends.com/index.php?option=com_content&id=376&tmp...



Join GATA here:

Louis Boulanger Now Seminar
Visitors Center, Holy Trinity Parnell
Auckland, New Zeland
Sunday, October 13, 2013

http://www.gata.org/files/GATAInNewZealand.pdf

Gold Investment Symposium 2013
Luna Park Conference Center, Sydney, Australia
Wednesday-Thursday, October 16-17, 2013

http://gold.symposium.net.au/

The Silver Summit
Davenport Hotel, Spokane, Washington
Thursday-Friday, October 24-25, 2013

http://www.cambridgehouse.com/event/silver-summit-2013

Mines and Money Australia
Melbourne Conference and Exhibition Centre
Tuesday, October 29-Friday, November 1, 2013

http://www.minesandmoney.com/

New Orleans Investment Conference
Sunday-Wednesday, November 10-13, 2013
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana

https://jeffersoncompanies.com/landing/speakers?IDPromotion=613011610080...

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16



ADVERTISEMENT

Buy metals at GoldMoney and enjoy international storage

GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, ­taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:

http://www.goldmoney.com/?gmrefcode=gata