Tag Archives: EUR/NZD
Preparing for a Lower NZD?
• NZD sell flows continue to dominate • Exporters still well covered, although hedging duration continues to drift lower
Daily FX Wrap and Strategy
The NZD was amongst the weakest performers overnight as risk aversion dominated markets. The NZD/USD sits at 0.7800 currently.
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Down this week NZD/USD is expected to test the bottom of a two-month range.
Weekly Commentary
Invention and intervention The Reserve Bank headed into the unknown last week, intervening in the housing market with its loan-to-value ratio (LVR) restrictions.
US Morning Update
Major Overnight Headlines • German GDP confirmed at 0.7% QoQ in Q2; UK GDP revised up to 0.7% QoQ from 0.6%
Daily FX Wrap and Strategy
The NZD/USD has slipped a little over the past 24-horus to sit around 0.8070 this morning.
RBNZ On Shaky Ground?
• Recent data highlight RBNZ’s dilemma • Leading indicators portend 4.0 – 5.0% GDP growth
Weekly Commentary
A household-centric week of local data has reinforced our view that the Reserve Bank will be raising interest rates early next year,
Daily FX Wrap and Strategy
The NZD was the strongest performer amongst its key peers over the past 24-hours. The NZD/USD sits just above 0.8030 this morning.
Weekly Forex & Interest Rate Outlook
NZD/USD remains in consolidation mode, the most likely catalyst for a break outside the 0.7685-0.8135 range being the Fed’s decision on tapering.
Domestic Demand Arising
Domestic demand is picking up and we expect it to accelerate ahead. More investment is a cornerstone, as capital expansion broadens beyond the Christchurch rebuild.
Keep calm and carry on
There are still many unknowns around the Fonterra whey product contamination scare,