Tag Archives: NZD/USD
RBNZ remains on hold, but delivers firmer statement
• OCR unchanged at 2.5%, as universally expected. • The statement is slightly firmer than in the June MPS,
Daily FX Wrap and Strategy
The NZD sits lower this morning against a broadly stronger USD. The NZD/USD trades around 0.7930 currently.
Rate Increases More Widely Accepted
By and large, today’s OCR review was simply a restatement of the June MPS. Indeed, much of the text was identical.
US Morning Update
Major overnight headlines: • Yields, equity markets rise in tandem forcing the JPY lower in London as European data surprises
Don’t Expect Markets to Take August Off…
FX Rates Could Move Substantially in the “Quiet Period”. After a month of turmoil,
US Morning Update
Major overnight headlines: • USD bounces very modestly in London trading as US 10-year yield creeps back above 2.50%, spot gold inches lower
Asian Currencies Technicals
AUD/USD found support ahead of the 21-DMA to start the week as it again works its way higher towards the $0.9303-43 region that is noted as key resistance.
New Zealand Economics – Market Focus
CURRENCY STRATEGY We do not see seismic events acting as a trend changer, rather merely reintroducing a temporary discount for investing in a country perched on the “ring of fire”.
Fed tapering not on ‘preset course’
US: Fed Chairman Bernanke emphasised that the Fed’s QE programmes were ‘by no means on a preset course’,
US Morning Update
Major overnight headlines: • Spot gold rises as much as 2.0% overnight before dropping back,
FX G10/EM Morning Trader Views
EUR – Feels set for another day in dullsville, with little in the way of data to focus on. Illiquid, choppy price action is expected as interest levels are set to be low.