Tag Archives: NZD
The Week Ahead in FX
In the week ahead trading volumes are expected to remain light due to the Christmas holiday and as many traders already closed books to lock in profit before the end of the year,
Economy Watch – Q3 GDP Not that Huge, but Surge Underway
While today’s Q3 GDP was not quite the smoking gun it appeared to be – and was not strong cause for us to change our view on the economy, the OCR and the NZD
Economy Watch – Post MPS: Outlook for Borrower
The RBNZ confirmed in its December Monetary Policy Statement that it will need to raise the Official Cash Rate next year. Its forecast 90-day bank bill track implies a first hike in March/April,
Markets Outlook – NZ On Fire
It just doesn’t get much better than this! At least that’s what corporate New Zealand is telling us. Today’s ANZ Business Opinion Survey reveals a business sector that is the most optimistic it has been in almost 20 years.
QIII Balance of Payments
The current account deficit was higher than we expected, reflecting larger than expected goods imports over the quarter. The $4.8 billion current account deficit brought the annual deficit to 4.1% of GDP
The Week Ahead in FX
In the week ahead, investors will be focusing on Wednesday’s outcome of the Fed’s monthly policy meeting, and a press conference with Chairman Ben Bernanke will be closely watched.
Weekly CFTC Trader Positioning Data
Sentiment appears to be building over the domestic stories ra-ther than a broader USD move driven by talk of tapering. The data highlight this well with notably mixed positioning against the USD, as CAD, AUD and
BNZ Strategist – Strategist
Economic Outlook We remain strongly of the view that the balance of risk facing the NZ economy is that growth and inflation will prove even stronger than forecast.
RBNZ holds but on track to hike next year
The RBNZ kept the official cash rate (OCR) at 2.5%, as universally expected. We maintain our long-held view ofMarch 2014 for the timing first OCR increase, with timing risks looking more balanced than prior to the meeting.
The Week Ahead in FX
In the week ahead, the U.S. is to release what will be closely watched data on retail sales, while rate announcements by the Reserve Bank of New Zealand and the Swiss National Bank will also be in focus.
Currency likely to influence timing of RBNZ rate hikes
In assessing the how the landscape differs now from what the RBNZ faced in September, the key difference is undoubtedlythe higher NZD.
Terms of Trade spikes higher in QIII 2013
The Terms of Trade surged 7.5%, much higher than our and market expectations. From our perspective, the stronger thanexpected result largely reflected higher than expected export prices.