Tag Archives: NZD/JPY
Q2 GDP Slip A Bit of a Dagg?
The big question for Thursday’s Monetary Policy Statement (MPS) is how much ground the RBNZ will cede to the stronger economic pointers and market pricing we’ve seen over recent months.
Weekly Commentary
In the July OCR review, the Reserve Bank gave a clear reminder that the next move in the cash rate will be up – though just not this year.
Daily FX Wrap and Strategy
The NZD had the dubious honour of being the biggest ‘winner’ from Friday’s disappointing US employment report.
August Angst
– Investors obsessed over surging US bond yields and the rout in emerging markets currencies
Daily FX Wrap and Strategy
The NZD has been the strongest performing currency over the past 24 hours. The NZD/USD has rocketed around a cent higher to 0.7910 while the NZD/JPY has soared from 77.60 to almost 79.00.
Daily FX Wrap and Strategy
The NZD was basically side-lined overnight. From above 0.7830, the NZD/USD dribbled back below 0.7800 as markets suffered another case of butterflies and
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Down this week NZD/USD remains hostage to the fortunes of the US dollar. NZD/USD remains poised to test the bottom of a two-month range at 0.7685.
Weekly Commentary
The inflation debate continues Last week’s developments did little to change our thinking on the New Zealand economy.
Daily FX Wrap and Strategy
Along with most of the major currencies, the NZD felt the heat of a broad strengthening in the USD overnight. The NZD/USD slipped from 0.7830 to around 0.7775.
Preparing for a Lower NZD?
• NZD sell flows continue to dominate • Exporters still well covered, although hedging duration continues to drift lower
Daily FX Wrap and Strategy
Back from the brink’ has been the story of the NZD over the past 24 hours. Support levels were tested, and held.
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Down this week NZD/USD is expected to test the bottom of a two-month range.