OCR
NZD trading around the 0.7160 USD level; broad-based USD weakness was seen during the local trading session; AUD has slightly outperformed, which sees NZDAUD down slightly at 0.9120
5th Oct 17, 7:53am
NZD trading around the 0.7160 USD level; broad-based USD weakness was seen during the local trading session; AUD has slightly outperformed, which sees NZDAUD down slightly at 0.9120
As the rate of mortgage borrowing growth continues to slow sharply, David Hargreaves ponders on what level of growth the RBNZ would be content with
4th Oct 17, 12:50pm
14
As the rate of mortgage borrowing growth continues to slow sharply, David Hargreaves ponders on what level of growth the RBNZ would be content with
Weaker than expected prices at latest dairy auction suggest that Fonterra may be forced to drop its current milk price forecast of $6.75 for the current season; ASB economists remain bullish
4th Oct 17, 8:08am
Weaker than expected prices at latest dairy auction suggest that Fonterra may be forced to drop its current milk price forecast of $6.75 for the current season; ASB economists remain bullish
NZD has traded in a tight 0.7150-0.7250 USD range for much of the past week and currently sits near the bottom of that range; NZDAUD dropped to around 0.9140; GBP was on the soft side
4th Oct 17, 7:32am
NZD has traded in a tight 0.7150-0.7250 USD range for much of the past week and currently sits near the bottom of that range; NZDAUD dropped to around 0.9140; GBP was on the soft side
Rodney Dickens looks at what drives global inflation, what drives New Zealand inflation, and is sceptical about how these forces will in turn influence our OCR
3rd Oct 17, 10:50am
20
Rodney Dickens looks at what drives global inflation, what drives New Zealand inflation, and is sceptical about how these forces will in turn influence our OCR
NZD hovering around the 0.7200 USD level, struggling to make headway against the broadly-based USD recovery; NZDAUD flat around 0.9200; GBP worst performer of the day
3rd Oct 17, 7:54am
NZD hovering around the 0.7200 USD level, struggling to make headway against the broadly-based USD recovery; NZDAUD flat around 0.9200; GBP worst performer of the day
Roger J Kerr says interest rate markets will be forced to adjust pricing upwards as the Federal Reserve remains on track for further rate rises
2nd Oct 17, 9:26am
2
Roger J Kerr says interest rate markets will be forced to adjust pricing upwards as the Federal Reserve remains on track for further rate rises
UST 10yr yield ended the week at just over the 2.33% mark, its highest close in five weeks; NZD was flat for most of the day, closing the week around 0.7210 USD; local yield movements modest, with the bond and swap curves not moving more than 1 bp
2nd Oct 17, 7:57am
UST 10yr yield ended the week at just over the 2.33% mark, its highest close in five weeks; NZD was flat for most of the day, closing the week around 0.7210 USD; local yield movements modest, with the bond and swap curves not moving more than 1 bp
NZD down to 0.7167 USD as the USD trended higher; NZD is flat on the other key crosses; AUD is struggling against the backdrop of weaker iron ore prices
29th Sep 17, 8:03am
NZD down to 0.7167 USD as the USD trended higher; NZD is flat on the other key crosses; AUD is struggling against the backdrop of weaker iron ore prices
Reserve Bank leaves Official Cash Rate unchanged at 1.75%; reiterates view that monetary policy will remain accommodative for a considerable period; notes recent construction sector weakness
28th Sep 17, 9:09am
8
Reserve Bank leaves Official Cash Rate unchanged at 1.75%; reiterates view that monetary policy will remain accommodative for a considerable period; notes recent construction sector weakness
USD supported by Trump's tax reform plan; NZD the only major currency that has managed to gain against the USD, with gains on all the crosses
28th Sep 17, 8:33am
USD supported by Trump's tax reform plan; NZD the only major currency that has managed to gain against the USD, with gains on all the crosses
The Reserve Bank's loan to value lending restrictions are about to 'celebrate' their fourth birthday. But with the wind changing in the Government and a new RBNZ Governor to appoint, will there be a fifth?
27th Sep 17, 3:47pm
7
The Reserve Bank's loan to value lending restrictions are about to 'celebrate' their fourth birthday. But with the wind changing in the Government and a new RBNZ Governor to appoint, will there be a fifth?
New Reserve Bank figures show borrowing by investors for house purchases last month made up just 22% of the total, compared with about 35% in the months before tighter LVR rules were applied
27th Sep 17, 11:33am
19
New Reserve Bank figures show borrowing by investors for house purchases last month made up just 22% of the total, compared with about 35% in the months before tighter LVR rules were applied
USD was up on all crosses except the CAD; NZD continues to underperform, managing to climb back up to 0.7210 after falling as low as 0.7168; EUR has been under downward pressure through most of the night
27th Sep 17, 8:04am
1
USD was up on all crosses except the CAD; NZD continues to underperform, managing to climb back up to 0.7210 after falling as low as 0.7168; EUR has been under downward pressure through most of the night
US-North Korea tensions escalating sees JPY head the leaderboard and UST yields lower; EUR and NZD are softer as the market digests the election results; local rates market showed a 2-3bps fall
26th Sep 17, 8:05am
US-North Korea tensions escalating sees JPY head the leaderboard and UST yields lower; EUR and NZD are softer as the market digests the election results; local rates market showed a 2-3bps fall
Fonterra announces net profit of $745 mln; drops season end milk price by 3c to $6.12, making final payout of $6.52
25th Sep 17, 9:01am
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Fonterra announces net profit of $745 mln; drops season end milk price by 3c to $6.12, making final payout of $6.52
NZD's run after the local close on Friday should limit any positive reaction to the election; EUR well supported after a series strong PMI readings; GBP weakest of the majors, as PM May delivered an important Brexit speech
25th Sep 17, 7:59am
NZD's run after the local close on Friday should limit any positive reaction to the election; EUR well supported after a series strong PMI readings; GBP weakest of the majors, as PM May delivered an important Brexit speech
Westpac's chief economist says the RBNZ is unlikely to announce any changes to the OCR at Thursday's review, but sluggish housing and construction markets could weigh on its mind down the track
23rd Sep 17, 5:02am
1
Westpac's chief economist says the RBNZ is unlikely to announce any changes to the OCR at Thursday's review, but sluggish housing and construction markets could weigh on its mind down the track
AUD worst performing major, down 1.2% to 0.7930 USD, following RBA Governor Lowe's speech; NZD also lower, testing the 0.7300 USD level; NZDAUD climbed up through the 0.9200 mark
22nd Sep 17, 7:56am
AUD worst performing major, down 1.2% to 0.7930 USD, following RBA Governor Lowe's speech; NZD also lower, testing the 0.7300 USD level; NZDAUD climbed up through the 0.9200 mark
After being down 0.3% for the day, the USD majors index is now up 0.7%; NZD the only major up against the USD, currently trading at 0.7335; AUD is trading around 0.8000 USD and NZDAUD is at 0.9170
21st Sep 17, 7:58am
After being down 0.3% for the day, the USD majors index is now up 0.7%; NZD the only major up against the USD, currently trading at 0.7335; AUD is trading around 0.8000 USD and NZDAUD is at 0.9170
ASB economists stop short of raising their forecast for now but see a combination of record butter prices and wet weather as providing upward pressure on global dairy prices
20th Sep 17, 11:54am
ASB economists stop short of raising their forecast for now but see a combination of record butter prices and wet weather as providing upward pressure on global dairy prices
NZD trading close to the session highs of around 0.7320 USD; AUD trading at 0.8015 USD; other majors slightly up against the USD
20th Sep 17, 7:50am
NZD trading close to the session highs of around 0.7320 USD; AUD trading at 0.8015 USD; other majors slightly up against the USD
Fed Funds pricing suggests odds of a hike by December are just above the 50% mark; yields continue to rise across the curve; USD mostly up across the board; NZD down 0.6% to 0.7260 USD; local rates higher and steeper
19th Sep 17, 8:06am
Fed Funds pricing suggests odds of a hike by December are just above the 50% mark; yields continue to rise across the curve; USD mostly up across the board; NZD down 0.6% to 0.7260 USD; local rates higher and steeper
NZD traded its way up to 0.7300 USD on Friday; GBP rose by 1.5% after rising 1.4% on the previous day; AUDUSD was flat around 0.8000 and NZDAUD was at 0.9115
18th Sep 17, 8:40am
NZD traded its way up to 0.7300 USD on Friday; GBP rose by 1.5% after rising 1.4% on the previous day; AUDUSD was flat around 0.8000 and NZDAUD was at 0.9115
UK and Australia data has markets seeing rate hikes, currencies turn higher. US inflation rise raises chance of December Fed rise. NZD the weakest performer
15th Sep 17, 8:32am
UK and Australia data has markets seeing rate hikes, currencies turn higher. US inflation rise raises chance of December Fed rise. NZD the weakest performer