Tag Archives: RBNZ
FX Daily Strategist: US
Eurozone inflation undershoot to pressure long EUR positioning Preliminary Eurozone CPI significantly undershot forecasts in October (0.7% y/y vs. 1.1% y/y) with the pace of inflation falling to the slowest pace since November 2009.
New Zealand OCR Review, October 2013 – A fickle master
The RBNZ is still on track to hike the OCR next year, but has introduced the exchange rate as an additional factor that could affect the timing and magnitude of the hiking cycle.
US Morning Update
Major Overnight Headlines Spanish Q3 GDP rises 0.1% QoQ, in-line; CPI falls 0.1% YoY, first decline since late 2009
The Global Macro Pulse
Overnight Price Action The dollar rally continued in Asia, albeit with less momentum in the majors. AUSDUSD dipped to a low of 0.9459, but popped back up to 0.9479.
Daily FX Wrap and Strategy
A weak AUD/USD and broad-based gains in the greenback have spelled double trouble for the NZD//USD over the past 24 hours. The currency is around 0.8% below levels this time yesterday,
FX Daily Strategist: US
Watch inflation for negative EUR catalyst EURUSD is fast approaching the 1.4000 level where our economists anticipate rising ECB concern.
FX Daily Strategist: Europe
The USD heading into the FOMC History has gone against the USD heading into FOMC meetings; the USD has gained ground only once following an FOMC meeting this year.
US Morning Update
Major Overnight Headlines • BoE’s expands collateral range, cheapens lending terms as reserves averaging remains suspended for now
The Global Macro Pulse
Overnight Price Action Asian stocks sold off, led by 1.5% falls in both the Nikkei and Shenzhen.
RBNZ Preview: Inflation higher than expected, but so is the NZD
* The NZD has appreciated since the RBNZ’ September Review, mostly due to international developments.
USD under pressure in the short-term
The dollar benefited only briefly last week when the US called off its partial government shutdown and raised the debt ceiling.