Tag Archives: GBP/NZD
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.
Daily FX Wrap and Strategy
The NZD/USD showed a bit of volatility at the end of the week to close around 0.8320. With the stalemate in US fiscal negotiations continuing to prevail at the end of the week,
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,
Weekly Commentary
The Reserve Bank inched one small step closer to hiking the OCR when it delivered its Monetary Policy Statement last Thursday.
Daily FX Wrap and Strategy
The NZD/USD has continued to creep higher overnight, benefitting from broad USD weakness. It sits around 0.8090 this morning.
Daily FX Wrap and Strategy
The NZD/USD’s probe back into the 80s continued overnight, fuelled by recovering risk appetite and improving sentiment towards the Chinese economy.
Q2 GDP Slip A Bit of a Dagg?
The big question for Thursday’s Monetary Policy Statement (MPS) is how much ground the RBNZ will cede to the stronger economic pointers and market pricing we’ve seen over recent months.
Weekly Commentary
In the July OCR review, the Reserve Bank gave a clear reminder that the next move in the cash rate will be up – though just not this year.
August Angst
– Investors obsessed over surging US bond yields and the rout in emerging markets currencies