Tag Archives: RBNZ
Daily FX Wrap and Strategy
The NZD has spent most of the offshore session licking its wounds following the beating it took at the hands of the RBNZ yesterday.
RBNZ imposes 10% restriction on new mortgage lending over 80% LVR
In a speech today the RBNZ Governor announced that from October 1st no more than 10% of new mortgage lending can be at a loan-to-value ratio in excess of 80%.
RBNZ On Shaky Ground?
• Recent data highlight RBNZ’s dilemma • Leading indicators portend 4.0 – 5.0% GDP growth
Weekly Commentary
A household-centric week of local data has reinforced our view that the Reserve Bank will be raising interest rates early next year,
FX Daily Strategist: Europe
TIC shows no big foreign bid for US equities through Q2 Contrary to anecdotal reports which supported the dollar in June, the data continued to show no evidence of substantial asset allocation in favour of US equity markets—if fact,
Risks & Drivers – International Economics Monthly
Our global economic growth forecast for 2013 is unchanged at a below average rate of 2.9%.
The RBNZ’s Big Experiment
• LVR rule-change imposition just days away • RBNZ apparently overly focused on “overvalued” housing market
FX Daily Strategist: Europe
Out of recession, but fade EURUSD gains GDP data today should show that the Euro area as a whole has exited technical recession in Q2.
Approaching a ‘Cross’ Roads
Recent NZD/USD price action has done little to change our view (propounded most recently. Last week’s Fonterra botulism scare continues to occupy the attention of the nation’s media.
Strategist
Recent NZD/USD price action has done little to change our view. With the positive NZ economic story increasingly ‘in the price’,
What To Worry About
The NZD has been by far the strongest performing G10 currency over the past fortnight. Globally, a modest pullback in the USD has been the dominant driver of currency markets.
Weekly Forex & Interest Rate Outlook
NZD/USD upward momentum remains strong, pointing to a test of the June peak of 0.8137 this week.