HOT TOPICS:   2015 series  |  Double shots  | Top 10 at 10                                                  RESOURCES:    Economic calendar   |   Rent or buy

The comment stream

Reader poll

Which country's economy is likely to improve the most in 2015?

Choices

OCR

Oil rout intensifies

Head-scratching over rise in the NZD after downward revisions to prior GDP growth rates; perhaps investors heartened by Yellen

Yellen clarity stirs markets

Clear signals from the US Fed that policy rates will rise mid 2015 sees wholesale markets bid up benchmark rates. NZ swaps follow

Heightened risk aversion

Tightening and flattening of rate curves continues with long end falls continuing

Risk appetite perks up

USD investors pre-positioning for upbeat tone from Fed; market ignored NZ current account deficit growing; decent bounce in oil price improves market sentiment

Wild night for others' currencies

Despite media pounce on lack of NZ surplus, financial markets hardly blinked; NZ looks good to nervous global investors

NZ yields flat

Tight NZGB issuance confirmed, UST yields declined as Russian risks play out; eyes now on Fed signals

Poor risk sentiment extends

Economic confidence taking a battering everywhere, except the US (and NZ), HYEFU may be ignored by currency markets

Lower Govt issuance expected

NZGB to attract more scarcity premium although key risk remains currency exposure; swaps lower and flatter again

NZ$ volatility to continue in 2015

Roger J Kerr offers his forecasts for currency movements in 2015, sees global risk sentiment turning negative, US raising rates in Q3, WMP prices recovering. Your view?

Risk appetite falls sharply

NZD drifts lower following other commodity currencies, but will find direction this week from Q3 GDP result and US Fed decisions