Tag Archives: NZD
Pitching in – NZ labour market review, Q4 2013
New Zealand’s unemployment rate continued to fall in the December 2013 quarter, with employment growing strongly and labour force participation reaching near-record highs.
Economy Watch – Outlook for Borrowers: February
The RBNZ left the Official Cash Rate (OCR) unchanged at its January review as we expected. However, in our view, the Bank gave the clearest possible indications that it anticipates raising rates in March.
The Week Ahead in FX
In the week ahead, investors will be keenly anticipating Friday’s U.S. nonfarm payrolls report for January after December’s report showed that the economy added far fewer jobs than expected.
Weekly CFTC Trader Positioning Data
• Risk aversion on the back of EM jitters drove a significant shift in currency positions this week. Investors shifts included short covering in JPY with increased long allocation to gold, EUR and GBP;
Economy Watch – NZ Trade Growing Like China
This morning’s December merchandise trade figures first and foremost confirmed very strong growth momentum in the economy. Moreover, the balance of trade suggests a narrower current deficit for calendar 2013.
Steady progress – NZ labour market preview, Q4 2013
Labour market indicators point to a modest fall in the unemployment rate to 6.1% in the December 2013 quarter. It’s not unusual for the labour market – and particularly wages
The Global Macro Pulse
The fall in US equity markets overnight combined with the Fed’s additional $10bn taper to drive deeper risk aversion in Asia.
Weekly Overview
To help Kiwi businesspeople and householders make informed financial decisions by discussing theeconomy and its implications in a language they can understand.
Economy Watch – RBNZ Beefs Up Hawkish Talk
We have been critical of the Reserve Bank for delaying the removal its OCR super-stimulus, while economic momentum and inflation risk has accumulated so much.
Steady hand: RBNZ OCR Review
As expected the RBNZ to left the OCR at 2.5% and clearly signalled its intention to hike in March. This portrays a central bank that is calmly preparing for a steady OCR hiking cycle.
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.
Performance of Services Index (PSI) – Cheers to 2013
2013 represented a solid story of growth for New Zealand’s services sector, according to the BNZ – BusinessNZ Performance of Services Index (PSI).