Tag Archives: GBP/NZD
RBNZ Unlikely To Erase Its July Hike View
We remain of the view the Reserve Bank will stay on the tightening path it indicated at the time of its March Monetary Policy Statement (MPS) and which it did nothing to deny at its April announcement.
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Up this week We expect the NZD to rally following the RBNZ’s MPS on Thursday.
Weekly Commentary
Last week’s soft dairy auction result, and a monster Marchquarter for the construction industry, add to the pluses andminuses that RBNZ Governor Wheeler will be
NZD Corporate FX Update
We’ve made no secret of our disappointment in the USD’s performance over Q1 2014. Last month, we pushed back our expectations of its eventual recovery into the second half of the year.
Weekly Commentary
While the New Zealand economy started the year at a rollingboil, it now appears to have slowed to a steady simmer.Even so, we think that markets are overestimating whatrecent developments means for interest rates.
Markets Outlook – Tight Is as Tight Does
If the Reserve Bank was hoping to see generally higher mortgage and deposit rates as a result of the start of its OCR tightening cycle, and accompanying talk of “normalisation” ahead, then it’s probably been sorely disappointed.
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Down this week Expectations the RBNZ will signal a pause in June should continue to weigh on NZD/USD this week.
Weekly Commentary
A couple of weeks ago the high exchange rate and weakinflation pressure lead us to update our call on the timingof interest rate hikes by the Reserve Bank this year.
Markets Outlook – Producer Prices Reflect Wider Inflation
With all of these global and domestic forces pulling this way and that, what does it all mean for the Reserve Bank’s OCR path? Generally speaking, we think it’s hard to tell.
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Down this week Expectations the RBNZ will signal a pause in June are growing and should weigh on NZD/USD this week.
Weekly Commentary
Recent developments have allayed some of our concernsthat the private sector would respond to the economicupswing by going on an unproductive spending spree.
Daily FX Wrap and Strategy
The NZD modestly underperformed on Friday night, toend the week at 0.8630.There was little on the domestic agenda to drive thecurrency on Friday.