Tag Archives: EUR/NZD

Daily FX Wrap and Strategy

The NZD/USD sits at a similar level to yesterday morning, around 0.7890 currently.

We revised our G10 FX forecasts earlier this week to reflect stronger conviction in a USD upswing.

The NZD has outperformed over the past 24-hours. The NZD/USD trades at 0.7800 this morning.

In light of the recent month’s price action, we reaffirm, indeed redouble,

There is a popular perception that the Bank will use this Wednesday’s FSR to announce the removal of its loan-to-value-ratio (LVR) restrictions.

Three key developments have informed our latest thinking: the recent commodity price down turn,

Equity markets collapsed and subsequently recovered in October, with global growth worries widely blamed.

With the Reserve Bank sounding less convinced about lifting its policy cash rate any further,

As expected, the RBNZ left rates on hold last week andstruck a more dovish tone.

The focus this week will be Thursday’s RBNZ OCR announcement, especially following last week’s low CPI print.

NZD/USD Outlook: Up this week Near term momentum has flipped to positive,

With the Q3 CPI due for release on Thursday we have taken the opportunity to have another look at our medium term inflation forecasts.