OCR
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
4th Aug 17, 7:57am
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
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
3rd Aug 17, 2:01pm
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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
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
3rd Aug 17, 7:57am
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
ASB economists see butter prices in particular heading higher this year
NZD pressed down towards 0.7460 USD before finding support; USD recovered some losses after mixed data releases; AUDUSD 0.5% lower at 0.7965 and AUDNZD trading at around 0.9380
2nd Aug 17, 8:19am
NZD pressed down towards 0.7460 USD before finding support; USD recovered some losses after mixed data releases; AUDUSD 0.5% lower at 0.7965 and AUDNZD trading at around 0.9380
BNZ's Stephen Toplis outlines case for the RBNZ to cut the Official Cash Rate, if taking a purely 'mechanistic approach' to monetary policy
1st Aug 17, 9:40am
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BNZ's Stephen Toplis outlines case for the RBNZ to cut the Official Cash Rate, if taking a purely 'mechanistic approach' to monetary policy
USD suffers fifth consecutive monthly loss, the longest streak since 2011; NZD, AUD and CAD direction driven by commodity prices; EURUSD trading at highest level since early 2015
1st Aug 17, 8:17am
USD suffers fifth consecutive monthly loss, the longest streak since 2011; NZD, AUD and CAD direction driven by commodity prices; EURUSD trading at highest level since early 2015
New RBNZ figures show mortgage borrowing growing at its slowest annual rate in well over a year; non-bank mortgage borrowing is starting to surge, however
31st Jul 17, 4:14pm
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New RBNZ figures show mortgage borrowing growing at its slowest annual rate in well over a year; non-bank mortgage borrowing is starting to surge, however
Weaker than expected GDP data and US politics weigh in on the USD, the DXY down 0.6%, UST yields lower; NZD benefits from the weakening USD; NZGB yields rose on Friday, with a steepening bias
31st Jul 17, 8:21am
Weaker than expected GDP data and US politics weigh in on the USD, the DXY down 0.6%, UST yields lower; NZD benefits from the weakening USD; NZGB yields rose on Friday, with a steepening bias
USD rose against most major currencies overnight as it fought back from the punishment it took after the Fed announcement; NZD tested 0.7560 USD yesterday, currently trading below the 0.7500 mark; NZDAUD opens at 0.9400
28th Jul 17, 8:21am
USD rose against most major currencies overnight as it fought back from the punishment it took after the Fed announcement; NZD tested 0.7560 USD yesterday, currently trading below the 0.7500 mark; NZDAUD opens at 0.9400
Fonterra is now forecasting a $6.75 milk price for farmers in the current season, but its earnings forecast of 45c to 55c per share is only the same as that for the previous year
27th Jul 17, 9:13am
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Fonterra is now forecasting a $6.75 milk price for farmers in the current season, but its earnings forecast of 45c to 55c per share is only the same as that for the previous year
NZD up more than 1% against the USD, trading above the 0.7500 mark; USD lower as Fed keeps rates unchanged, as expected, and stated that the balance sheet unwind would start soon; AUD lower against the NZD after weak CPI data
27th Jul 17, 8:22am
NZD up more than 1% against the USD, trading above the 0.7500 mark; USD lower as Fed keeps rates unchanged, as expected, and stated that the balance sheet unwind would start soon; AUD lower against the NZD after weak CPI data
New Reserve Bank figures show the amount borrowed by investors for house purchases in June dropped by 48.5% compared with the same month a year ago
26th Jul 17, 3:37pm
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New Reserve Bank figures show the amount borrowed by investors for house purchases in June dropped by 48.5% compared with the same month a year ago
NZD tested 0.7450 USD before drifting lower on USD strength to currently sit around 0.7410; AUD tested 0.7970 USD on higher commodity prices; oil up over 3% in a risk on environment
26th Jul 17, 8:13am
NZD tested 0.7450 USD before drifting lower on USD strength to currently sit around 0.7410; AUD tested 0.7970 USD on higher commodity prices; oil up over 3% in a risk on environment
NZD traded a tight 25 pip range with a mild drift lower, opening at 0.7430 USD; US 10yr yield 2 bps lower to 2.26%; NZGB yields 2 bps lower across the curve, local swaps up less than 1 bps; oil up more than 1%
25th Jul 17, 8:16am
NZD traded a tight 25 pip range with a mild drift lower, opening at 0.7430 USD; US 10yr yield 2 bps lower to 2.26%; NZGB yields 2 bps lower across the curve, local swaps up less than 1 bps; oil up more than 1%
Roger J Kerr questions how long squeezed margins can continue for our three mobile service providers; markets will be watching RBNZ inflation forecasts closely
24th Jul 17, 11:08am
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Roger J Kerr questions how long squeezed margins can continue for our three mobile service providers; markets will be watching RBNZ inflation forecasts closely
NZD pushed up to 0.7454 USD, its highest level since September; the DXY US dollar index fell 0.5% on Friday, taking it down nearly 1.4% for the week; AUD strength checked; EUR remains main beneficiary of USD weakness
24th Jul 17, 8:12am
NZD pushed up to 0.7454 USD, its highest level since September; the DXY US dollar index fell 0.5% on Friday, taking it down nearly 1.4% for the week; AUD strength checked; EUR remains main beneficiary of USD weakness
NZD continues to defy any suggestion that the market is overly long, trading at 0.7400 USD; EUR up 3% after ECB meeting; German rate curve steeper, local rate curve flatter
21st Jul 17, 8:31am
NZD continues to defy any suggestion that the market is overly long, trading at 0.7400 USD; EUR up 3% after ECB meeting; German rate curve steeper, local rate curve flatter
NZD traded a 30 point range while advancing to the 0.7350 USD level; USD declines on most pairings following on from the implosion of the US health care reform; AUD and CAD make fresh highs; markets are divided on ECB expectations
20th Jul 17, 8:12am
NZD traded a 30 point range while advancing to the 0.7350 USD level; USD declines on most pairings following on from the implosion of the US health care reform; AUD and CAD make fresh highs; markets are divided on ECB expectations
NZD lost 60 pips on a soft CPI release but recovered it relatively quickly; USD was under pressure as two Republican senators said they wouldn't support the healthcare bill; AUDUSD tested its highest level in two years
19th Jul 17, 8:01am
NZD lost 60 pips on a soft CPI release but recovered it relatively quickly; USD was under pressure as two Republican senators said they wouldn't support the healthcare bill; AUDUSD tested its highest level in two years
Flat prices in June quarter bring annual inflation rate back to 1.7% as cheaper petrol, domestic airfares offset rising rent, food and electricity prices
18th Jul 17, 10:55am
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Flat prices in June quarter bring annual inflation rate back to 1.7% as cheaper petrol, domestic airfares offset rising rent, food and electricity prices
NZD, AUD and CAD all down from the weekend close, with the NZD opening at 0.7320 USD; GBP 0.3% lower and EUR and JPY are flat; attention today turns to NZ CPI
18th Jul 17, 7:54am
NZD, AUD and CAD all down from the weekend close, with the NZD opening at 0.7320 USD; GBP 0.3% lower and EUR and JPY are flat; attention today turns to NZ CPI
ANZ economists say 'the hard work has been done' on closing the funding gap between deposits and lending; competition for deposits could now ease and there is more 'wriggle room' for lending
17th Jul 17, 4:09pm
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ANZ economists say 'the hard work has been done' on closing the funding gap between deposits and lending; competition for deposits could now ease and there is more 'wriggle room' for lending
Westpac economists see higher mortgage rates and continued easing of house prices as being an 'important headwind' for economic activity over the year ahead
17th Jul 17, 1:25pm
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Westpac economists see higher mortgage rates and continued easing of house prices as being an 'important headwind' for economic activity over the year ahead
Roger J Kerr says a combination of the pay equity adjustment in the public sector and shortages of skilled workers across multiple industries 'must certainly lead to upward wage pressures'
17th Jul 17, 11:15am
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Roger J Kerr says a combination of the pay equity adjustment in the public sector and shortages of skilled workers across multiple industries 'must certainly lead to upward wage pressures'