OCR

Multiple factors add up to a risk-off tone

18 Aug 17, 8:11am

NZD has been rangebound over the past session, sitting close to 0.7300 USD; JPY and CHF best performing currencies, both up around 0.4% against the USD; EUR lower following the release of ECB minutes
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Commodity currencies outperform

17 Aug 17, 8:22am

Jason Wong

1 comment

NZD was up 1% against the USD and AUD and CAD were up 1.2% and 0.7% respectively; USD recovery ended with Trump in the headlines and the market interpreting the FOMC minutes as being on the dovish side
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If not LVRs - then what?

16 Aug 17, 4:15pm

David Hargreaves

41 comments

It's all very well talking about removing loan to value lending limits, but we need to hear what the Government would do if house prices started to rise quickly again
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NZD underperforms

16 Aug 17, 7:54am

Jason Wong

NZDUSD down 0.7% to 0.7235 and NZDAUD down 0.3% to 0.9255; USD extends recovery as geopolitical tensions ease; JPY and GBP underperform as safe haven flows reverse
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USD in driving seat

15 Aug 17, 8:03am

Jason Wong

1 comment

NZD sits at 0.7290 USD, down 0.3% from last week's close; USD reverses Friday's declines, rising against all majors; AUD underperforms, NZDAUD up to 0.9280
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Interest rate hikes disappearing into the distance

14 Aug 17, 4:02pm

David Hargreaves

56 comments

Economists are pushing out the timeframe for interest rate rises, while ANZ economists say they are tempted to 'flat-line' their future interest rate projections
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The Government must carry the can for the housing market

14 Aug 17, 11:04am

David Hargreaves

109 comments

David Hargreaves suggests the real estate industry is singling out the wrong target by urging exemptions from the RBNZ’s LVR rules for first home buyers
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NZD up against all majors

14 Aug 17, 8:21am

Jason Wong

Weak US inflation data triggers broad based USD weakness; NZDUSD closed the week at 0.7315 and NZDAUD closed around 0.9270
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NZD bottom of leaderboard

11 Aug 17, 7:56am

Jason Wong

NZD lost ground in the Asian session yesterday and traded a tight range overnight to trade at around 0.7280; geopolitical tensions lead to a stronger Yen; other currency movements were modest
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Regrets? None that he's talking about

10 Aug 17, 12:17pm

David Hargreaves

14 comments

David Hargreaves on RBNZ Governor Graeme Wheeler's final curtain call
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RBNZ retains long term interest rate outlook

10 Aug 17, 9:09am

David Hargreaves

32 comments

Reserve Bank leaves Official Cash Rate unchanged at 1.75%; still forecasting interest rate rises from late 2019 onwards; dollar gains slightly
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Risk-off tone pervades markets

10 Aug 17, 8:00am

Jason Wong

NZD traded a tight 25 point range and is flat at 0.7330 USD; NZDAUD stretched up to 1.08, a level where investors began taking profit; safe-haven flows saw funds move into the Yen
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NZD and NZ rates faced downward pressure

9 Aug 17, 7:55am

Jason Wong

NZD at the bottom of the leaderboard as traders expect dovish tone from RBNZ; NZ rates were lower and the long end rates outperformed global peers; USD and UST yields were higher
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NZD starts the week on the back foot

8 Aug 17, 8:00am

Jason Wong

NZD is now a full two cents lower from the late July peak, after losing 0.7% to 0.7630 USD; USD holds on to Friday's post employment gains; other commodity currencies down slightly
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Inflation expectations recede

7 Aug 17, 3:17pm

David Hargreaves

5 comments

Influential RBNZ Survey of expectations shows anticipated inflation of 2.09% in two years time, down from 2.17% in May and close to the RBNZ's explicit target of 2%
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OCR set to stay at 1.75% this week, but will the next move be up or down?

7 Aug 17, 8:11am

Gareth Vaughan

41 comments

What will the RBNZ do and say in Governor Graeme Wheeler's swansong OCR review and Monetary Policy Statement?
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Strong US employment bolsters USD and UST

7 Aug 17, 8:06am

Jason Wong

American jobs grow as the Fed needs. Focus now turns to inflation which has been lagging. Markets not pricing rate hike just yet. NZD fares better than others against USD
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NZD slightly up, local rates lower

4 Aug 17, 7:57am

Jason Wong

NZD saw some selling pressure yesterday but recovered to trade at 0.7440 USD; local yields had a downward bias; global bond yields were lower on BoE policy meeting; JPY topped leaderboard
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'Interest rate falls more likely than rises'

3 Aug 17, 2:01pm

Rodney Dickens

32 comments

Rodney Dickens says the effective OCR is well over double the 1.75% actual rate, and SMEs are paying that price for their working capital financing
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NZD underperforms

3 Aug 17, 7:57am

Jason Wong

Weaker than expected labour market data saw NZD drop to the 0.7435 USD level it is trading this morning; EUR tops leaderboard, now trading at 1.1860 USD; GBP in favour ahead of BoE policy meeting this morning
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