Tag Archives: GBP/NZD
Valuing NZD Amid Soaring Terms of Trade
We have updated our “fair value” purchasing powerparities (PPP) on the NZ dollar. And we’ve augmentedthese with due consideration of New Zealand’s boomingterms of trade.
Daily FX Wrap and Strategy
The NZD/USD sits a little lower, at 0.8260, this morning. Yesterday afternoon the NZD/USD touched above 0.8320, before starting a gradual descent that extended overnight.
Weekly Forex and Interest Rate Outlook
NZD/USD remains resilient to US data surprises. Surprisingly, good US economic news is not pushing the US dollar higher.
Weekly Commentary
A question of timing The Reserve Bank is going into this week’s interest rate decision armed with plenty of reason to reiterate the message that interest rates will rise next year.
Daily FX Wrap and Strategy
The NZD was the strongest performer amongst its peers on Friday. The NZD/USD ended the week around 0.8280. The NZD/USD drifted lower into the much anticipated US payrolls release on Friday night.
Daily FX Wrap and Strategy
After touching below 0.8160 overnight the NZD/USD has returned to trade above 0.8210 this morning. There was little on the domestic agenda to drive the currency yesterday,
Daily FX Wrap and Strategy
The NZD/USD was dragged lower by the AUD yesterday, but stabilised overnight to sit around 0.8180 currently. There were limited domestic data releases yesterday.
Daily FX Wrap and Strategy
The NZD/USD has strengthened over the past 24-hours to sit just below 0.8260 currently. Yesterday’s ANZ commodity price index showed that NZ commodity prices remain elevated.
Weekly Forex and Interest Rate Outlook
NZD/USD continues to suffer from pro-US dollar sentiment. NZ fundamentals continue to shine, witness the surge in the momentum of NZ economic data during the past few months (Chart 2).
Markets Outlook Weekly
We realise that many will probably see this week’s Barfootand Thompson housing report as the big economic newsof the week. Covering the month of November,
Weekly Commentary
With the New Zealand economy showing some seriousupward momentum, interest rate markets are now fullypricing in a 25 basis point OCR increase in March next year
Markets Outlook – A Material Upgrade to GDP
It’s not just New Zealand’s economic outlook that is looking stronger by the day. So too is its recent economic history.