Tag Archives: EUR/NZD
Financial Markets Wrap – February: Full of Fight
– Recovering from January’s emerging-market sell-off, the NZD kicked higher as domestic strength reasserted itself
Weekly Forex & Interest Rate Outlook
Rallies in NZD/USD continue to be stymied by global mini-shocks, most recently tension in Ukraine and the engineered depreciation of CNY. Against that, NZ’s fundamental outlook remains solid,
Weekly Commentary
Events of the last week have underscored our view thatNew Zealand’s export performance will come to the foreas a driver of growth in 2014, a major theme of our latestquarterly Economic Overview.
Weekly Forex & Interest Rate Outlook
The slowdown in China’s growth has hurt the NZD but on the flip side, a soggy patch of US economic data has weighed on the US dollar. That has left NZD/USD in a neutral position, unable to breach the 0.8400 resistance area.
Inflationary Consequences
With the force of New Zealand’s economic upswingnow well accepted, attention should be turning to theinflationary consequences of it.
Weekly Commentary
New Zealand’s housing market is clearly slowing, andretailers ended 2013 on a less exuberant note thanexpected. However, we’ve also had early signs that the nextactual inflation print may be closer to 2% than we thought.
Forex Weekly Report
Energy dependence has detrimental impact on current account The Japanese current account is being watched carefully for signs of improvement.
Weekly Forex & Interest Rate Outlook
The recent improvement in global sentiment has supported the NZD. A continuation of this theme should push it higher to 0.8430 during the week ahead.
Markets Outlook – Household Heat
This week’s data are off to a positive start in the form of this morning’s quarterly retail sales report, the Performance of Services Index (PSI) and the BNZ survey of residential REINZ agents.
Weekly Commentary
In short, the story we tell in the February Overview remains a familiar one. As expected2013 saw the New Zealand economy accelerate, boosted by a big lift in constructionactivity on the back of the Canterbury rebuild,
Weekly Forex & Interest Rate Outlook
NZD/USD remains directionless, although improved risk sentiment plus Friday’s US jobs data should support it this week.SInce November, NZD/USD has been stuck in a sideways 0.8050-0.8400 range,
Weekly Commentary
Recent developments – a slowly strengthening New Zealandlabour market, the Reserve Bank of Australia’s decision totake rate cuts off the table for the time being,