Tag Archives: EUR/NZD
Inflation In All Its Guises
* Q3 CPI expected at 1.2% y/y, from 0.7% * BNZ survey points to LVR hit to housing
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Neutral this week This week may be a replay of the last – strong NZ fundamentals countered by the continuing US fiscal crisis, resulting in a lack of direction.
Weekly Commentary
All on track The highlight last week was the release of the Quarterly Survey of Business Opinion (QSBO).
Daily FX Wrap and Strategy
ANZAC outperformance has been the main story of the night, with the NZD and AUD holding firm despite a general strengthening in the greenback.
Daily FX Wrap and Strategy
Currency markets continue to be held hostage by US budgetary wrangling. Most of the major currencies drifted overnight as investors played the waiting game.
NZ Fiscal “Drag” Signals Economic Stimulus
* A fiscal surplus for pork-barrel politics * Tuesday’s QSBO to indicate above-trend growth
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Neutral this week This week is likely to witness opposing forces – strong NZ fundamentals countered by the developing US fiscal crisis.
Priced for perfection?
Solid domestic data last week, along with further guidance from the Reserve Bank, all served to reinforce the message that the OCR will be heading up next year.
September: Hijacked by the Fed
* Market sentiment brightened following the Fed’s decision not to taper asset purchases, but the US dollar and US bond yields took a pounding.
Weekly Commentary
We take the opportunity of a quiet data week to review the state of the New Zealand export sector. Primary exporters are enjoying remarkably buoyant conditions,
Daily FX Wrap and Strategy
The NZD/USD has spent the past 24 hours consolidating above 0.8350. Investors appear to be suffering from a bit of headline fatigue.
Weekly Commentary
The US Fed’s decision to delay ‘tapering’ has sent the NZ dollar back into the stratosphere. While that in itself will make the RBNZ less keen to raise interest rates,