Beijing is clearly getting nervous about the pace of growth in the world’s second-largest economy. This week the release of more important economic data will provide us with further insight into what is happening in the world’s second-largest economy.
Overall, U.S. markets saw the biggest inflows this month, creating a strong bearish signal on the U.S. Dollar heading into the final trading day of the month on Friday. That said, the timing of the Thanksgiving holiday may prompt some U.S. fund managers to rebalance a bit earlier on Wednesday.
Wile we still believe that our long-standing views on the "Santa" influence in the markets remains the same, this year is a bit different. The plethora of blessings for the equities markets from multiple benefactors this year it very impressive.
Throughout November, the New Zealand dollar (NZD) has been able to do something that very few other currencies have been able to do, gain value against USD. Here are some reasons outside of simple USD strength that it might not continue.