Daily Archives: July 29, 2013
The NZD has been by far the strongest performing G10 currency over the past fortnight. Globally, a modest pullback in the USD has been the dominant driver of currency markets, as US bond yields have eased off their previous highs. However, domestic factors have also underpinned the NZD. Last week, the RBNZ explicitly warned, for the first time, that the next move in rates is up. This shouldn’t have been a massive surprise. But it did send market participants scrambling to price in earlier rate hikes. As a result, NZ dollar interest rate differentials soared. NZ-US 3-year swap differentials poked above 290bps for the first time since September 2011.
Cornell researchers come to different conclusions about the climate impact of fracking.
A film, a book and a trainer’s death have renewed debate among scientists and animal advocates on the wisdom and morality of keeping killer whales in marine parks.
Books: Patricia S. Churchland’s ‘The Self as Brain’ and ‘Brainwashed,’ by Sally Satel and Scott O. Lilienfeld
Patricia S. Churchland, a philosopher, probes for the organ’s moral center, while Sally Satel and Scott O. Lilienfeld write to debunk pop neuroscience.
Recent developments in health and science news. Also this week: cheetahs’ body temperatures while hunting and the effect of pesticides on honeybees.
In a straight party vote, Republicans in the normally bipartisan House science committee vote down a NASA proposal and call for a Moon base.
Letter to the editor.