Tag Archives: GBP/NZD
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 was the casualty of heightened risk aversion on Friday night. It was the weakest performer amongst its peers, ending the week at 0.8210.
Weekly Forex & Interest Rate Outlook
Weak NZ inflation and housing data plus broad US dollar strength should hurt NZD/USD this week. NZ’s Q4 CPI release may alarm some with its low headline quarterly rate, although familiar observers will note Q4 is seasonally weak.
Weekly Commentary
The evidence continues to pile up that the economy is nowsteaming ahead – and signs are emerging that that’s startingto eat into spare capacity.
Weekly Forex & Interest Rate Outlook
The NZD has been the outperformer of 2014. Fundamentalssuggest that should continue.Our economic data pulse mode (Chart 2), which captureseconomic momentum, is riding high.
Weekly Commentary
Before large swathes of the population started theirannual migration to beaches and holiday hotspots aroundNew Zealand, there was a flurry of activity on theNew Zealand data calendar.
Daily FX Wrap and Strategy
The NZD/USD has started the year on the front foot. It was the strongest performer of its peers on Friday night. It trades around 0.8280 this morning.
Daily FX Wrap and Strategy
The NZD/USD sits somewhat lower, at 0.8220 this morning as the market awaits the US FOMC meeting (8am NZT). Yesterday’s domestic data was more of the same. i.e. telling a story of positive economic momentum.
Weekly Commentary
The economy has accelerated markedly as we anticipated. It has built up a head ofsteam as cranes have replaced broken buildings on the Canterbury skyline, house priceshave accelerated into uncharted territory and
Daily FX Wrap and Strategy
Showing some volatility on Friday evening, the NZD/USD ended the week at 0.8260. Friday’s RM-ANZ consumer confidence index showed NZ consumers are confident heading into Christmas.
BNZ Strategist – Strategist
Economic Outlook We remain strongly of the view that the balance of risk facing the NZ economy is that growth and inflation will prove even stronger than forecast.