Tag Archives: RBNZ
Weekly Commentary
Recent data give us no reason to expect the RBNZ to departfrom the plans it set out in June. Those plans include afollow-up hike in July,
New Zealand At A Glance
The New Zealand economy continues to pick up the pace. While Canterbury’s reconstruction remains a backbone, the upswing is radiating more and more into the various other regions and industries.
AUD Outlook & Forecasts
A positive environment for carry currencies and better-than-expected Q1 activity data supported the AUD in the first part of this year,
Outlook for Borrowers: Post June MPS
The RBNZ raised the Official Cash Rate (OCR) by 0.25% at its 12 June meeting, to 3.25%. It remained committed to the process of ‘normalising’ the OCR,
Kiwi after the RBNZ
RBNZ’s tightening cycle well underway The RBNZ struck a hawkish note in last week’s monetary policy statement as it raised interest rates by 25 bps.
Daily FX Wrap and Strategy
The NZD cooled off slightly on Friday, paring its post-RBNZ gains. The NZD/USD fell 0.3% to 0.8670.The dip lower was in line with the AUD and
Daily FX Wrap and Strategy
The NZD/USD sits 1.6% higher than 24-hours ago, at0.8680 this morning. It was the best performing currencyby a large margin, after the RBNZ’s meeting yesterday.
RBNZ: Still Singing The Same Tune
We saw nothing today to change our view that this tightening cycle has a long way to run before it’s all over and done with.
RBNZ Raises OCR 25bps
The Reserve Bank of New Zealand increased the official cash rate to 3.25% from 3.0% as expected, but is now projecting a slightly more gradual run of increases than anticipated in March.
Daily FX Wrap and Strategy
The NZD/USD has been the strongest performing majorcurrency over the past 24-hours, sitting at 0.8560 thismorning.
The Global Macro Pulse
With the exception of the 0.3% rise in the Nikkei, most Asian equity markets have softened today and S&P futures are down slightly.
UBS Morning Adviser
Careful calibration needed for RBNZ as NZD weakens for the wrong reasons Witnessing a currency declining from self-professed ‘overvalued’ levels is normally welcomed by any central bank.