Tag Archives: RBNZ
Daily FX Wrap and Strategy
The NZD/USD has traded a steady path over the past 24-hours to sit at a similar level this morning, just above 0.8360.
Daily FX Wrap and Strategy
The NZD has been one of the few currencies that hasn’t been buoyed by the retreating USD tide overnight. Instead, the NZD/USD basically shuffled around in a sideways 0.8275-0.8340 range.
Daily FX Wrap and Strategy
After feeling the full weight of speculative selling yesterday, the NZD/USD has since recovered all of its losses.
FX Daily Strategist: Europe
Sell Cable On Thursday we recommended selling GBPUSD, targeting a move down to 1.5330 with a stop set at 1.6310.
Weekly Commentary
The US Fed’s decision to delay ‘tapering’ has sent the NZ dollar back into the stratosphere. While that in itself will make the RBNZ less keen to raise interest rates,
Weekly Commentary
The Reserve Bank inched one small step closer to hiking the OCR when it delivered its Monetary Policy Statement last Thursday.
Daily FX Wrap and Strategy
The NZD/USD spent most of Friday’s offshore trading session consolidating above 0.8100. Globally, currency markets struggled a bit for direction.
FX Daily Strategist: US
USD to garner momentum from yield support: we stick with long USDCHF USD weakness remains a notable theme in G10 FX with the greenback’s move lower linked to rising expectations of a “dovish” Fed taper,
RBNZ Takes Rightful Hawkish Turn
– RBNZ sounding, looking, less relaxed – Lifting OCR track 50bps, first hike by June
Weekly Commentary
In the July OCR review, the Reserve Bank gave a clear reminder that the next move in the cash rate will be up – though just not this year.
Weekly Commentary
Invention and intervention The Reserve Bank headed into the unknown last week, intervening in the housing market with its loan-to-value ratio (LVR) restrictions.