OCR

28 Jun 17, 11:41am

New Reserve Bank figures show the amount borrowed by investors for house purchases in May dropped by $1 billion compared with the same month a year ago
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NZD lower, local rates expected to rise

28 Jun 17, 7:46am

Jason Wong

NZDUSD continues to test the 0.7300 resistance level, now trading at 0.7280; US rates higer and curve steeper, this should translate to higher local rates today; EUR surges and German bonds rise on hawkish comments by Draghi, effects spill over to the GBP
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NZD hovering just under the 0.7300 USD level

27 Jun 17, 8:00am

Jason Wong

Another quiet day for the markets, with most currency movements against the USD within 0.2% of the previous close; AUD and CAD up slightly as oil prices rise for the third consecutive day; Yen underperforms
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Pouring oil on troubled food prices

26 Jun 17, 10:18am

Roger J Kerr

2 comments

Roger J Kerr says recent sharp drops in oil prices support the Reserve Bank's view that inflation will ease again; current high value of NZ dollar has monetary conditions too tight
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USD ended the week on a soft note

26 Jun 17, 8:07am

Jason Wong

All major currencies were up 0.3-0.4% against the USD, with NZD gaining 0.3% to trade at 0.7285 at last week's close; NZD largely flat against other majors but downside risk exists from speculative long positions being at highest levels in 4 years
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The OCR may be higher when you come off that 2-year rate

25 Jun 17, 8:36am

Alex Tarrant

49 comments

Sifting through the RBNZ tea-leaves: As banks encourage 2-year mortgage rates, borrowers may find they come off to a higher OCR, hiked earlier and potentially higher than expected, Alex Tarrant argues
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Low volatility environment continues

23 Jun 17, 8:11am

Jason Wong

NZD up 0.6% since RBNZ's OCR review, now trading at 0.7265 USD; US and local yields remain tightly range bound; CAD the best performer as oil prices find support and data releases exceed expectations
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Fonterra forecasts 3% rise in milk production for new season

22 Jun 17, 10:14am

David Hargreaves

Fonterra confirms overall milk production for the season just concluded was down by nearly 3%, but is forecasting that drop to reverse this year
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RBNZ leaves OCR at 1.75%; NZ$ jumps

22 Jun 17, 9:03am

Alex Tarrant

32 comments

Reserve Bank leaves OCR on hold at 1.75%; Keeps comment that monetary policy will remain accommodative for a considerable period
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Quiet day for currency and rates markets

22 Jun 17, 8:20am

Jason Wong

Commodity currencies marginally lower against the USD; NZD down against most majors; local rates had modest downwards pressure from previous day's US moves; GBP recovers some lost ground
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All around the houses

22 Jun 17, 8:04am

David Hargreaves

21 comments

David Hargreaves wonders, given the national obsession for housing, whether there could be better 'official' information available on market trends
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Dairy prices take first fall for three months

21 Jun 17, 8:34am

David Hargreaves

1 comment

Run of six consecutive gains ended at GlobalDairyTrade auction; Whole Milk Powder prices disappoint with 3.3% fall
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NZD and local rates up

21 Jun 17, 8:26am

Jason Wong

NZDUSD is back hovering around the 0.7250 technical reistance level; local rate curve flattens; lower oil prices drag down US Treasury yields as inflation expectations lower; GBP lower on BoE Governor's speech
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USD and US Treasuries recover

20 Jun 17, 8:05am

Jason Wong

NZD at day's low around 0.7230 USD after touching 0.7300 on an illiquid day; local rates biased upwards; USD up and UST higher across the curve on NY Fed's Dudley's speech, market remains sceptical that the Fed will raise rates this year
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The great inflation rate debate

19 Jun 17, 12:51pm

Roger J Kerr

3 comments

Roger J Kerr believes markets will be forced to change their current stance and move future pricing of interest rates to higher levels
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NZDUSD testing 0.7250 resistance level

19 Jun 17, 8:06am

Jason Wong

NZDUSD gained 0.6% last week, RBNZ OCR review this week is expected to have little surprise; USD unwinds some post-FOMC gains and nudged lower on weaker than expected data
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NZD falls back to the 0.7200 USD mark

16 Jun 17, 7:55am

Jason Wong

NZD lower on weaker than expected GDP data and stronger USD; USD up as markets continue to digest FOMC statement; AUD well supported after employment data, currently at 0.7580 USD
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A matter of good governance

15 Jun 17, 3:17pm

David Hargreaves

3 comments

David Hargreaves wants to see a new Reserve Bank Governor who is thick-skinned and accepts that people will disagree with them
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Dairy saves construction's blushes - GDP weaker than RBNZ pick

15 Jun 17, 11:00am

Alex Tarrant

27 comments

Dairy sector manufacturing (but not exports) covers for considerable fall in construction activity as GDP grows 0.5% in March qtr vs RBNZ pick for 0.9% growth
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NZD breaks through 0.7250 USD

15 Jun 17, 8:23am

Jason Wong

NZD reached a high of 0.7318 USD before moving back down to 0.7255; GBP underperforms; CAD underperforms as oil prices fall to lowest level in a month
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