SaxoTV

Hardy: Euro, Kiwi and Loonie - how low can they go?

728 views
July 16, 2015 asxo bank currencies, bailout, bank of canada, cad, cadusd, canada economy, canada outlook, canadian, canadian dollar, dollar, energy prices, euro, european central bank, eurozone, eurusd, foreign exchange, forex, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex trading, forextrading, fx, fx forex, fx market, fx markets, fx strategy, fx trade, fx trade idea, fx traders, fx trading, greece, greek, greek bailout, greek crisis, greek debt, greek parliament, hardy, janet, janet yellen, janet yellen fed, janet yellen rates, john, john hardy, john hardy forex, john hardy saxo bank, john j hardy, johnhardy, johnjhardy, kiwi, kiwi dollar, loonie, low, low energy prices, low milk prices, low oil price, milk, milk prices, new zealand, new zealand dollar, new zealand economy, new zealand kiwi, new zealand outlook, oil price, oil prices, rate cut, reserve bank of new zealand, saxo, saxo bank, saxo bank forex, saxo bank group, saxo bank saxo tv, saxo bank trading, saxo bank trading floor, saxo bank tradingfloor.com, saxo bank tv, saxo capital markets, saxo traders, saxo trading, saxo tv, saxo tv saxo bank, saxo tv trades, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxobank.com, saxotrader, saxotv, trade, trade idea, trade ideas, trade view, trader, trader idea, traders, trades, trading, trading currencies, trading eurusd, trading floor, trading floor saxo tv, trading forex, trading forex 2015, trading fx, trading idea, trading nzdusd, trading platform, trading risks, trading strategy, trading usdcad, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor trades, tradingfloor.com, tradingfloor.com saxo tv, tradingfloor.com trade ideas, tradingfloorcom, us fed, us fed rates, us federal reserve, us federal reserve monetary policy, us federeal reserve
The new bailout for Greece has passed a major hurdle in the Greek Parliament. Saxo Bank’s John Hardy looks at how this may impact EURUSD as traders turn their attention to the European Central Bank. He also looks at some dramatic news hitting the Canadian dollar and the Kiwi.

Hardy says the ECB is likely to want to encourage the idea of liquidity as far as the eye can see. This, combined with a bigger appetite for risk after the Greek vote, could weaken the euro, he says. 

Citing low energy prices, Bank of Canada cut rates to 0.50% and issued a very dovish outlook, which sent the loonie down to an 11-year low against the dollar. In New Zealand, poor milk prices are hitting the Kiwi hard, according to Hardy.