Tag Archives: NZD

Great expectations – What drives the New Zealand dollar

The fall in the New Zealand dollar since Julyhas been appropriate to the softening in globalconditions this year.

Last week, the market was blindsided by a surprise statement from RBNZ Governor Wheeler,

In the week ahead, investors will be looking ahead to euro zone inflation data and

There have been no substantial changes in the aggregated positions since last week except for switching to small longs in Aussie and Kiwi.

• The USD bull trend is supported by a net long USD position of $35bn; however it is not broadly held and

USD positioning was largely unchanged in the lead-up to the September 17 FOMC meeting.

In the week ahead, investors will be awaiting Tuesday’s data on euro zone private sector activity,

There have been no substantial changes in the aggregated positions since last week except for an increase in the short kiwi position.

With risk events looming traders scaled back one way bets against most currencies,

New Zealand’s June quarter GDP proved pretty good. It expanded a seasonally adjusted 0.7%,

Leveraged funds decreased their USD exposure for the first time in eight weeks.

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