Tag Archives: GBP/NZD

Daily FX Wrap and Strategy

The NZD limped lower on Friday night to end the weekaround 0.7870. After the previous day’s dramatic moves following the RBNZ’s currency ‘speech’,

The NZD has severely underperformed its peers over thepast 24-hours. It now sits almost 2% lower relative to theUSD, at 0.7920.

The National Party has been returned with a mandate to govern at least as strong as before.

The weekend’s general election returned an increasedmajority to the ruling coalition of National, ACT, UnitedFuture and Maori.

The NZD lost ground against the USD on Friday night along with all its peers, weakening by 0.3% to 0.8130.

The NZD/USD sits lower this morning, at 0.8120, afterdrifting downward overnight and suffering post-US FOMCvolatility.

The NZD/USD pushed higher overnight to sit at 0.8180 thismorning.

We expect Thursday’s Q2 GDP report to show a slowdown in economic growth.

The persistence of low inflation, despite an obviousacceleration in the pace of economic activity in NewZealand,

The NZD underperformed on Friday night along with itscommodity-linked peers (CAD, AUD).

We continue to make good headway south in NZD/USD, to the point that we reached our end-September target (prev. 0.84) faster than anticipated.

The NZD continues to make headway lower, havingfollowed the AUD lower over the past 24 hours.