Tag Archives: NZD
Economy Watch – November Outlook for Borrowers
We now see a first 25bps hike in June next year (March previously). We continue to see steady ‘normalisation’ of the OCR thereafter to a 4.50% cyclical peak in 2H 2015.
The Week Ahead in FX
In the week ahead, investors will be awaiting the outcome of Thursday’s ECB policy meeting. On Friday the U.S. is to release the nonfarm payrolls report for October,
Weekly CFTC Trader Positioning Data
• The post-shutdown reaction in sentiment suggests that inves-tors shifted positioning on the basis of a renewed appetite for risk,
FX Daily Strategist: Europe
Post-FOMC price action shows market too short USD The FOMC left its policy message largely unchanged from the September statement.
Economy Watch – It’s Business Time
While the nation’s central bank remains flexible on the timing of next year’s interest rate hikes, a rating agency maintains NZ’s AAA credit rating,
New Zealand OCR Review, October 2013 – A fickle master
The RBNZ is still on track to hike the OCR next year, but has introduced the exchange rate as an additional factor that could affect the timing and magnitude of the hiking cycle.
FX Daily Strategist: US
Watch inflation for negative EUR catalyst EURUSD is fast approaching the 1.4000 level where our economists anticipate rising ECB concern.
FX Daily Strategist: Europe
The USD heading into the FOMC History has gone against the USD heading into FOMC meetings; the USD has gained ground only once following an FOMC meeting this year.
The Week Ahead in FX
In the week ahead, investors will be focused on the outcome of Wednesday’s Federal Reserve policy setting meeting.
FX Sentiment Report
• The bearish shift against the USD that had been observed to-ward the end of September continued into the start of the US gov-ernment shutdown.
Economy Watch – Powder Power
This morning’s September trade figures confirmed several general themes we have been discussing for a while, namely: – Recovery from the early-2013 drought – High prices for primary exports,
RBNZ Preview: Inflation higher than expected, but so is the NZD
* The NZD has appreciated since the RBNZ’ September Review, mostly due to international developments.