Tag Archives: AUD/NZD
Weekly Overview
To help Kiwi businesspeople and householders make informed financial decisions by discussing theeconomy and its implications in a language they can understand.
The Global Macro Pulse
The USD lost ground against risk currencies ahead of the FOMC. AUD edged higher to 0.8805, NZD to 0.8277, leaving AUDNZD essentially unchanged at 1.0639 before the RBNZ meeting tonight.
Weekly Forex & Interest Rate Outlook
The negative sentiment towards emerging markets should weigh on the NZD this week.That is despite NZ economic data pointing to an acceleration in growth (Chart 2),
Weekly Commentary
The recent run of strong economic data has solidified thecase for higher interest rates this year; now it’s the tacticalconsiderations around how to kick off that process thatare coming to the fore.
Daily FX Wrap and Strategy
The NZD/USD traded a relatively tight 0.8220-0.8260 rangeovernight, sitting at the lower end of this range at present.Yesterday’s domestic data,
Markets Outlook – Erring to a March Hike
Thursday’s RBNZ OCR Review is “live” for a rate hike. The economic rationale for it is overwhelming, in our view.
Daily FX Wrap and Strategy
The NZD/USD was the casualty of heightened risk aversion on Friday night. It was the weakest performer amongst its peers, ending the week at 0.8210.
Performance of Manufacturing Index (PMI) – World Class Average
New Zealand’s manufacturing sector ended the year on a healthy note, and the first time since 2007 that every month recorded expansion in activity,
The Global Macro Pulse
AUD has been the big mover so far, rallying 0.7% to 0.886 following a much stronger than expected inflation report. This pushed AUDNZD higher to 1.0656.
AUD under pressure, NZD bid again & EUR/JPY rechecks resistance
EUR/USD: A descending line of support has formed. But old support inthe mid-1.35s is seemingly acting as resistance. There arequite a few refs to reclaim to get the short-term key refabove at 1.3700 back in sight.
Markets Outlook – High TWI Fails to Suppress CPI Inflation
Even with today’s stronger than expected Q4 CPI, when we weigh everything up, we still come down on the side of the RBNZ having to adhere to its word, of leaving the start of its stimulus-removal campaign until its March Statement,
Daily FX Wrap and Strategy
The NZDUSD opens little changed this morning at the0.8260 level, overnight it survived one shank lower in vapidmarkets that drew out buyers demand in front of the US 82cent level.