Forex Flash: NZ-UK rate differential to keep NZD/GBP at highs - BNZ

Heavy NZD/GBP demand limited the downgap in NZD/USD earlier today, says Mike Jones, currency strategist at BNZ. NZD/GBP has risen to around 0.5540 – a new post float high, with Mike predicting "further gains likely", noting that "pressure on the BoE to rescue the UK is mounting and NZ-UK interest rate differentials are likely to keep moving higher."

Feb 25, 2013

Forex: GBP/JPY kept below confluence area 142.90/143.00

The dispute between the two main contenders in the ugly currency contest, that is, the Sterling and the Japanese Yen, is currently headed fractionally by the first from a Friday's/Monday's close-open basis.

Forex Flash: BoJ combo Kuroda-Iwata positive for USD/JPY - Nomura

Consensus amongt Japanese local media reporting the same story has led Nomura research team to send out a note to its clients saying that "Mr. Kuroda is likely the first choice by the Abe cabinet."