OCR

29 Mar 17, 2:40pm
ANZ economists believe higher interest rates and tighter credit will continue to dampen the housing market despite ongoing housing supply imbalances; estimate that average interest costs in Auckland for new purchasers are chewing up 51% of income
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29 Mar 17, 8:28am
USD was supported by firm data and Fed speak overnight, reversing the downward trend seen over the last two weeks, DXY up 0.6%; AUD pushed higher on strong oil and iron ore prices; NZD, as a result, down to 0.7020 USD and 0.9190 AUD
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28 Mar 17, 8:33am
NZDUSD traded a tight 30 point range to start the day at 0.7040; USD dollar index (DXY) continued its decline, dropping to the lowest level since November last year; EUR and GBP outperform
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27 Mar 17, 3:59pm
The latest data showing cash-rich investors ruling the roost in Auckland demonstrate why the Government can't leave the housing market to the Reserve Bank
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27 Mar 17, 9:00am
Roger J Kerr says borrowers should be taking advantage of the recent pull-back in US long-term bond yields
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27 Mar 17, 8:05am
NZDUSD dipped below 0.7000 but recovered to end the week up 10 points at 0.7030; local swap rates unchanged, up 1 bps across the curve; Trump withdrew health bill to repeal Obamacare, market movements to the news were modest
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24 Mar 17, 7:57am
NZDUSD continued to trade in a tight range, 0.7025 - 0.7055, currently at 0.7040; NZDAUD up to 0.9220; local rate curve flattens; US markets await vote on Trump's health bill
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23 Mar 17, 9:06am
Reserve Bank says monetary policy will be accommodative for a considerable period and numerous uncertainties remain
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23 Mar 17, 8:01am
NZD trading at the top of yesterday's range, 0.7020 - 0.7070, prior to OCR review; AUD slips below 0.7700 USD on soft commodity prices, NZDAUD above 0.9200
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22 Mar 17, 8:56am
Fonterra set to pay out unchanged dividend of 40c a share; Milk price forecast also unchanged at $6
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22 Mar 17, 8:18am
Results at the latest global dairy auction were far better than had been indicated ahead of time, with overall prices firming 1.7% and the key Whole Milk Powder rising 2.9%
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22 Mar 17, 8:02am
NZD spiked to 0.7090 USD after GDT prices rose 1.7%, as opposed to a 3-5% expected fall, currently at 0.7050 USD and 0.9145 AUD; USD lower as post-election Trump rally unwinds, USD TWI down 0.5%; GBP up on stronger inflation data
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21 Mar 17, 3:28pm
Inflationary risks are rising, but NZIER Shadow Board agrees the Reserve Bank should hold fire before raising interest rates 
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21 Mar 17, 8:28am
NZD the strongest currency overnight, rising against all majors, up to 0.7050 USD; USD traded in a tight range, with no major data releases overnight; GBP lower, as start of the Brexit process firms up
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20 Mar 17, 12:25pm
Roger J Kerr says the real conundrum facing the Reserve Bank this week when looking at inflation forecasts is deciding when we will see wage increases feeding into higher costs
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20 Mar 17, 7:59am
NZD closed the week at 0.7020 USD and is expected to trade in tight ranges until the RBNZ OCR review, which is not expected to have any surprises; AUDUSD back up to 0.77 and NZDAUD just above 0.91
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17 Mar 17, 7:56am
NZD rose to 0.7040 USD after the Fed announcement yesterday but has since fallen to 0.6975 after weak GDP data; AUD lower against the USD after weak employment data, but given NZD weakness, has strengthened against the NZD
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16 Mar 17, 7:51am
NZDUSD broke through the 0.7000 mark, rising over 40 points after the Fed announcement; US Fed raises rates by 0.25% and maintains the outlook for another two hikes this year
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15 Mar 17, 8:41am
NZD changed little against the USD and AUD; NOK and CAD down 0.6% and 0.3% respectively against the USD as oil prices resume their decline; GBP 0.5% lower despite no obvious trigger
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14 Mar 17, 9:41am
Another slower month of housing sales will give the Reserve Bank optimism its efforts are at least keeping some heat out of the Auckland market
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