Tag Archives: RBNZ

Economy Watch – Giddy TWI Blurs Inflation Incline

Q1 CPI inflation at +0.3% q/q and +1.5% y/y came in lower than market and RBNZ expectations of +0.5% and +1.7%. This is meaningful to the extent that the starting point of inflation is lower than

Daily FX Wrap and Strategy

The NZD is broadly weaker this morning, havingmade gains only against the AUD overnight. TheNZD/USD is 0.5% lower at 0.8640.The USD is stronger amid softer risk appetite,

G20 Communique Renews ‘Cooperation’ Pledge In Softer Language

Finance ministers and central bank governors of the Group of 20 Nations gave another nod toward “cooperation” in pursuit of stronger global economic growth Friday,

NZD: Getting Carried Away

With the S&P500 bumping up near all-time highs and the NZD shooting into territory not seen since August 2011, you might be surprised to hear that financial market volatility is in the doldrums.

Daily FX Wrap and Strategy

The NZD/USD has seen a rollercoaster ride over the past 24hours, but opens this morning just 0.1% higher at 0.8670.Yesterday, domestic data remained strong at heart.

NZD: Commodity Prices In The Driver’s Seat

As this note goes to print, the NZD is the second-best performing major currency over the month of March, pipped for first-place only by a resurgent AUD.

Daily FX Wrap and Strategy

The NZD saw a lacklustre trading session for the most part,but is higher this morning after liquidity-inspired USD movelower.

The Global Macro Pulse

The USD strengthened modestly with EURUSD edging lower to 1.392 and USDJPY rebounding to 101.55. AUD has eased slightly to 0.912.

Weekly Commentary

As was widely expected, the Reserve Bank lifted theOfficial Cash Rate to 2.75% last week, and signalled anextended series of hikes over the course of the next fewyears.

Daily FX Wrap and Strategy

The spotlight was on Australasian currencies yesterday. The NZD/USD has pushed higher to trade at 0.8530 currently.

The Global Macro Pulse

The antipodeans have dominated G10 FX price action. NZDUSD rallied to 0.8520 following the RBNZ’s rate hike and hawkish statement only to get a further leg up to 0.8562 from the AUDUSD.

The RBNZ’s decision to raise the policy rate by 25 bps this morning set a positive tone for commodity currencies, and aussie-dollar started the session tracking the kiwi higher to $0.9000 after opening at $0.8988.