The New Zealand dollar fell against the U.S. currency on the back of yesterday’s more dovish official cash rate announcement, the U.S. debt ceiling deadlock, and reemerging European sovereign concerns.

The kiwi dollar initially moved higher yesterday on the back of Governor Alan Bollard’s comments that the bank was looking to remove the emergency 50-basis point earthquake stimulus by March, but upwards moves were capped by a warning that the high currency was having a negative impact on the economy.

“The Reserve Bank’s comments that they were preparing to remove rate cut continued to provide support for kiwi, but statement that the high dollar acting as a drag on economy has seen markets rethink how high rates will go,” said Khoon Goh, head of market economics and strategy at ANZ New Zealand.

Demand for the New Zealand dollar was also dented as U.S. the U.S.

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This was a good article at Mashable on how the new site/service called Member.ly can put you into your own subscription business!

Heres the idea: maybe youre earning some good money once in a while selling your hand made goodies on Etsy.com or something. You sell nothing for 3 weeks and then get 15 orders. Its hard to run, let alone, BUILD a business that way.

A business involves having customers who buy on a regular basis to generate regular income and profits for the business owner.

Network marketers call this residual income. Read more…

July 26 – Zion Wildlife Gardens Ltd. h

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It really shouldn’t come as a surprise to anyone but American policymakers are running into the debt ceiling deadline, and there’s suddenly a sense of urgency to do the right thing.

The objective is to reach an agreement, at least of some sort, before Asian markets open for the week. Without an accord, the uncertainty of what will happen in the U.S. will leave investors surging to the sidelines.

“Who knows where that is going to go,” Nick Kalivas, an analyst at MF Global in Chicago, told Reuters. “We’re

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FXstreet.com’s analyst Valeria Bednarik says in the article below that the UK “monetary independence is both a blessing and a curse”, good point given the problems over the Eurozone periphery. It seems to be accepted by the market that the BoE is focused on inflation and not the recovery, as the BoE´s governor Mervyn King and Chancellor George Osborne have been busy these last six months. 

Looking at the numbers, year-over-year inflation was up around 4.2% in June, leading to speculation of a rate hike which could threaten the economic recovery, as growth remains stagnant with the quarterly GDP at mere 0.5% in Q1.

What happened during the first half of 2011? T Read more…

A few years ago, Denis Place and his two partners left their jobs at Suss MicroTec to launch their own business. Read more…

Eurozone leaders yesterday put forward a plan to provide 159 Billion Euros in new aid for debt ridden Greece, including an agreement with bondholders to exchange and buy back debt. There is some concern that such an action may be considered a technical default by credit rating agencies.

The EFSF has been given the ability to purchase government bonds, whilst providing loans to struggling countries. Although this is a significant move in the right direction, the fact that the authorities failed to increase the size of the EFSF has experts concerned over their ability to cover other peripheral nations.

In early trade CDS on Greek debt declined by a massive 500bps to a six week low, although the Euro was unable to break higher than the 1.44374, and has subsequently experienced some selling pressures. Read more…