Tag Archives: NZD/USD
Weekly Forex and Interest Rate Outlook
NZD/USD remains resilient to US data surprises. Surprisingly, good US economic news is not pushing the US dollar higher.
Weekly Commentary
A question of timing The Reserve Bank is going into this week’s interest rate decision armed with plenty of reason to reiterate the message that interest rates will rise next year.
Daily FX Wrap and Strategy
The NZD was the strongest performer amongst its peers on Friday. The NZD/USD ended the week around 0.8280. The NZD/USD drifted lower into the much anticipated US payrolls release on Friday night.
FX Viewpoint: inflation focus
Whatever it takes. And it does take very little from ECB to keep the EUR strengthening: just a do nothing with Draghi’s philosophical “if the time ever comes” for the new measures.
Weekly Forex Report
Nonfarm payrolls leave the door open for a taper in December In the US, upward revisions for the third quarter growth and inflation slightly added to the recent improving economic outlook.
FX G10 Morning Trader Views
EUR – All eyes on NFP this afternoon, however regardless of the actual number, I think EURUSD will end the week higher. Our customer base were consistent buyers yesterday,
Daily FX Wrap and Strategy
After touching below 0.8160 overnight the NZD/USD has returned to trade above 0.8210 this morning. There was little on the domestic agenda to drive the currency yesterday,
FX Daily Majors
Today’s highlights: * USDCAD’s extension above 1.0658/81 leaves us still bullish for our core target at 1.0802/54.
FX Month in Review – November
* The JPY was the weakest currency monitored in the November Month in Review, declining 4.2% on a TWI basis.
Daily FX Wrap and Strategy
The NZD/USD was dragged lower by the AUD yesterday, but stabilised overnight to sit around 0.8180 currently. There were limited domestic data releases yesterday.
Building Work softer than expected in third quarter
Building Work Put in Place showed a slightly softer than expected increase in building construction activity in QIII, with thedownside surprise driven by a decline in non-residential construction.
Daily FX Wrap and Strategy
The NZD/USD has strengthened over the past 24-hours to sit just below 0.8260 currently. Yesterday’s ANZ commodity price index showed that NZ commodity prices remain elevated.