Tag Archives: RBNZ
Daily FX Wrap and Strategy
The NZD has slipped to the bottom of the currency performance rankings over the past 24 hours. Having recovered back to almost 0.8180 yesterday,
Economy Watch – The Business Labour Forice Survey
While everyone appears obsessed with the impact the LVR policy will have on the housing market, the economy continues to broaden and strengthen its momentum regardless.
Daily FX Wrap and Strategy
From highs of almost 0.8400 on Wednesday, the NZD/USD is back flirting with important support levels around 0.8200 this morning.
Economy Watch – PPI Affirms Accelerating Nominal Economy
It’s not often that the markets react to New Zealand’s producer price data (a shame, but true). But they did to this morning’s, at least initially.
Weekly Forex Report
The Bank of England moves from pessimism to optimism The quarterly inflation report published on 13 November reveals upbeat forecasts on growth and unemployment by the Bank of England (BoE).
Economy Watch – New Zealand At A Glance
The world outlook remains uncertain but its prospects remain sufficiently strong to add support to a New Zealand expansion which is both broadening and gaining in momentum.
Daily FX Wrap and Strategy
The NZD/USD continues to hold above key technical support in the 0.8190/0.8220 window. Overnight, the currency was pitched back above 0.8250 by the tailwinds from a weaker USD.
RBNZ FSR Affirms Rate Hike Warnings, In Full
We were encouraged by this morning’s Financial Stability Report (FSR). It showed that the Reserve Bank is serious about protecting New Zealand’s financial system and,
EUR down as a result of ECB decision-making
The euro extended its correction this week, setting a low of 1.33 against the US dollar, before recovering above 1.34 following Thursday’s surprise interest rate cut by the European Central Bank (ECB).
Daily FX Wrap and Strategy
The NZD outperformed overnight, in what was a fairly lacklustre session for currency markets. At around 0.8300, the NZD/USD is only a smidge higher than this time yesterday.
Economy Watch – November Outlook for Borrowers
We now see a first 25bps hike in June next year (March previously). We continue to see steady ‘normalisation’ of the OCR thereafter to a 4.50% cyclical peak in 2H 2015.
Daily FX Wrap and Strategy
The NZ dollar staged a striking bounce-back through the latter stages of Friday’s trading session, having been sold down to almost 0.8210 earlier in the night.