Tag Archives: RBNZ
Daily FX Wrap and Strategy
The NZD/USD has traded a tight range ahead of thismorning’s US Fed and RBNZ meetings. It sits around0.8270 at present.Risk appetite remained somewhat subdued overnight asemerging market concerns continued to simmer and
The Global Macro Pulse
The USD lost ground against risk currencies ahead of the FOMC. AUD edged higher to 0.8805, NZD to 0.8277, leaving AUDNZD essentially unchanged at 1.0639 before the RBNZ meeting tonight.
Daily FX Wrap and Strategy
The NZD/USD sits a little higher this morning, at 0.8260,having traded as high as 0.8300 overnight.Broad risk appetite improved overnight,
Market Divided on NZ Central Bank’s Next Move
The Reserve Bank of New Zealand (RBNZ) may hike rates by 25 basis points to head off inflationary pressures when it meets this Thursday, making it the first major central bank in the developed world to start normalizing monetary policy.
Weekly Forex & Interest Rate Outlook
The negative sentiment towards emerging markets should weigh on the NZD this week.That is despite NZ economic data pointing to an acceleration in growth (Chart 2),
Weekly Commentary
The recent run of strong economic data has solidified thecase for higher interest rates this year; now it’s the tacticalconsiderations around how to kick off that process thatare coming to the fore.
FX: safe haven, anyone?
The “risky” currencies can no longer blame the “taper”, as the “safe haven” currencies struggle to be less safe…Inflation focus this week.
Curtain raiser: Preview of RBNZ OCR Review
We expect the RBNZ to leave the OCR at 2.5%, and to clearly signal its intention to hike in March.
Economy Watch – CPI…Post Script
Further to yesterday’s commentary around the Q4 CPI, we have decided to revise up our forecast of Q1 inflation, and iron out our quarterly track further out.
Daily FX Wrap and Strategy
Good morning all, middle of the week and the NZD opensour morning at the 0.8300 level.At first glance it has to be said despite yesterday’s CPI printand immediate reaction the Kiwi hasn’t kicked on and iscertainly not the star of the show.
Markets Outlook – High TWI Fails to Suppress CPI Inflation
Even with today’s stronger than expected Q4 CPI, when we weigh everything up, we still come down on the side of the RBNZ having to adhere to its word, of leaving the start of its stimulus-removal campaign until its March Statement,
Interest rate rises likely off until March
Interest rate rises should remain on hold till at least March as inflation takes a slight dip in the December quarter, economists say.