AU$
With the NZ-US 3-year interest rate differentials at around 340 bps, historical correlations suggest the NZ$/US$ cross rate should be above 85c
29th Nov 13, 8:27am
With the NZ-US 3-year interest rate differentials at around 340 bps, historical correlations suggest the NZ$/US$ cross rate should be above 85c
The demise of the Kiwi dollar due to combination of US$ strength, commodity price weakness and a string of upbeat US economic indicators
28th Nov 13, 8:08am
The demise of the Kiwi dollar due to combination of US$ strength, commodity price weakness and a string of upbeat US economic indicators
Article notes upward pressure on RBNZ to lft interest rates; NZ$/A$ grinds higher to 5-year highs
27th Nov 13, 9:42am
Article notes upward pressure on RBNZ to lft interest rates; NZ$/A$ grinds higher to 5-year highs
Positive momentum behind the NZ$ along with macro and leveraged buying saw the NZ$/A$ almost break 90c
26th Nov 13, 8:19am
Positive momentum behind the NZ$ along with macro and leveraged buying saw the NZ$/A$ almost break 90c
Stonger US$ and sharp losses in A$ hit the NZ$ hard last week; NZ$/US$ down around 1.7%
25th Nov 13, 8:31am
Stonger US$ and sharp losses in A$ hit the NZ$ hard last week; NZ$/US$ down around 1.7%
A Fed decision to taper in December may not be unambiguously positive for the US$ and US bond yields
22nd Nov 13, 8:13am
A Fed decision to taper in December may not be unambiguously positive for the US$ and US bond yields
Surprising response to NZ PPI data as NZ$/US$ pushed up to 84c; overnight buying of US$ sees the NZ$/US$ cross at 82.8c currently
21st Nov 13, 8:21am
Surprising response to NZ PPI data as NZ$/US$ pushed up to 84c; overnight buying of US$ sees the NZ$/US$ cross at 82.8c currently
RBA Board statement more upbeat than October's, citing “mounting evidence that monetary policy was supporting activity”
20th Nov 13, 8:41am
RBA Board statement more upbeat than October's, citing “mounting evidence that monetary policy was supporting activity”
Seasonally adjusted trade surplus for Eurozone widened further than expected (to €14.3b in September); likely to be as a result of weak domestic demand for imports
19th Nov 13, 7:43am
Seasonally adjusted trade surplus for Eurozone widened further than expected (to €14.3b in September); likely to be as a result of weak domestic demand for imports
Both the US October industrial production and US Empire Manufacturing index for November came in below expectations causing the US$ index to slip
18th Nov 13, 7:55am
Both the US October industrial production and US Empire Manufacturing index for November came in below expectations causing the US$ index to slip
Dovish undertones in Yellen’s testimony; labour market is still “far short” of potential and inflation will remain below target “for some time”
15th Nov 13, 8:22am
Dovish undertones in Yellen’s testimony; labour market is still “far short” of potential and inflation will remain below target “for some time”
The GBP was the best performing currency overnight but the NZ$ got a boost from the hawkish bias in the RBNZ's Financial Stability Report
14th Nov 13, 8:11am
The GBP was the best performing currency overnight but the NZ$ got a boost from the hawkish bias in the RBNZ's Financial Stability Report
The NZD/GBP traded lower following softer-than-expected UK inflation data; NZD/GBP resistance seen at 0.5190
13th Nov 13, 8:07am
The NZD/GBP traded lower following softer-than-expected UK inflation data; NZD/GBP resistance seen at 0.5190
Reports are emerging that a number of ECB members were against the rate cut decision last week
12th Nov 13, 7:56am
Reports are emerging that a number of ECB members were against the rate cut decision last week
Substantial US payroll numbers for October is probably above the FOMC threshold of ‘sustainable improvement’ in labour market conditions
11th Nov 13, 8:20am
Substantial US payroll numbers for October is probably above the FOMC threshold of ‘sustainable improvement’ in labour market conditions
In a bid to stimulate the flagging eurozone economy the ECB cut their main refinancing rate by 25 basis points to 0.25%
8th Nov 13, 8:14am
In a bid to stimulate the flagging eurozone economy the ECB cut their main refinancing rate by 25 basis points to 0.25%
Stronger labour and employment numbers gives Kiwi dollar some upward momentum
7th Nov 13, 8:14am
Stronger labour and employment numbers gives Kiwi dollar some upward momentum
RBA left rates unchanged at 2.5% but stated the A$ was “uncomfortably high” which had the market reassessing views of rate hikes in late 2014
6th Nov 13, 8:19am
RBA left rates unchanged at 2.5% but stated the A$ was “uncomfortably high” which had the market reassessing views of rate hikes in late 2014
Increasing commodity prices supports view that terms of trade will hit 40 year high in Q4
5th Nov 13, 7:47am
Increasing commodity prices supports view that terms of trade will hit 40 year high in Q4
Euro area inflation is weak however broader activity indicators remain on an improving trend
4th Nov 13, 8:18am
Euro area inflation is weak however broader activity indicators remain on an improving trend
Ongoing NZ$ strength sees BNZ's formally changing their view on next OCR hike from March to June 2014
1st Nov 13, 8:25am
Ongoing NZ$ strength sees BNZ's formally changing their view on next OCR hike from March to June 2014
Broad US$ buying sees NZ$/US$ trade below 82c; hawkish RBNZ statement may reverse trend
31st Oct 13, 8:13am
Broad US$ buying sees NZ$/US$ trade below 82c; hawkish RBNZ statement may reverse trend
Speculation mounting that RBA could launch a full blown intervention as Stevens states A$ is likely to be "materially lower"
30th Oct 13, 8:18am
Speculation mounting that RBA could launch a full blown intervention as Stevens states A$ is likely to be "materially lower"
Aggregate positive US Q3 earnings surprise sits at 4.9% and continues to underpin US$
29th Oct 13, 8:32am
Aggregate positive US Q3 earnings surprise sits at 4.9% and continues to underpin US$
Poor economic data and tensions in China worry markets vs positive US earning reports and central bank stimulus
25th Oct 13, 8:29am
Poor economic data and tensions in China worry markets vs positive US earning reports and central bank stimulus