Tag Archives: NZD/JPY
Financial Markets Wrap – May: Finally Cracking
– Global bond yields decline through May amid expectations that policy rates will remain low for longer.
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 until 12 June.
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.
Daily FX Wrap and Strategy
The NZD/USD was the weakest performing currency overthe past 24-hours. It sits at 0.8490 this morning.Fonterra announced its forecast payout for the 2014/15season yesterday morning.
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.
Credit Agricole: FX View
We advise against selling the EUR in the very short-term. This is due to the heightened risk of the ECB disappointing elevated market expectations, especially when it comes to cutting the deposit rate to negative.
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/USD has been tightly range-bound over the past24-hours. It sits little changed at 0.8620 this morning.Overall, currency markets traded without too much dramaovernight, and the NZD was no exception.