Tag Archives: NZD/JPY
As Much As It Takes
Everyone expects the Reserve Bank to start taking its footoff the OCR accelerator at Thursday’s Monetary PolicyStatement. “Soon” has arrived, and not before time.
Weekly Forex & Interest Rate Outlook
We remain biased towards further upside as we approach the start of the RBNZ’s tightening cycle.While a 25bp hike is fully priced, there is scope for a market reaction if a fast start to
Weekly Commentary
Last week’s data largely supported our outlook for the NewZealand economy. New Zealand’s export commodity pricesrose to a new record, and the terms of trade edged up to seta fresh 40 year high.
Daily FX Wrap and Strategy
The NZD has surged higher overnight, riding a wave of positive risk sentiment and benefitting from a positive AUD story.
Daily FX Wrap and Strategy
The NZD/USD made steady gains overnight, hand-in-hand with the AUD/USD, and sits 0.65% higher since yesterday morning at 0.8430. Disappointing local data failed to stem the march upward.
Financial Markets Wrap – February: Full of Fight
– Recovering from January’s emerging-market sell-off, the NZD kicked higher as domestic strength reasserted itself
Daily FX Wrap and Strategy
The NZD is slightly stronger against the USD, helped by rebounding global risk appetite (see Majors), sitting at 0.8380 this morning.
Weekly Forex & Interest Rate Outlook
Rallies in NZD/USD continue to be stymied by global mini-shocks, most recently tension in Ukraine and the engineered depreciation of CNY. Against that, NZ’s fundamental outlook remains solid,
Weekly Commentary
Events of the last week have underscored our view thatNew Zealand’s export performance will come to the foreas a driver of growth in 2014, a major theme of our latestquarterly Economic Overview.
Weekly Forex & Interest Rate Outlook
The slowdown in China’s growth has hurt the NZD but on the flip side, a soggy patch of US economic data has weighed on the US dollar. That has left NZD/USD in a neutral position, unable to breach the 0.8400 resistance area.
Inflationary Consequences
With the force of New Zealand’s economic upswingnow well accepted, attention should be turning to theinflationary consequences of it.
Weekly Commentary
New Zealand’s housing market is clearly slowing, andretailers ended 2013 on a less exuberant note thanexpected. However, we’ve also had early signs that the nextactual inflation print may be closer to 2% than we thought.