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OCR

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
27th Jun 17, 8:00am
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
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
26th Jun 17, 10:18am
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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
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
26th Jun 17, 8:07am
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
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
25th Jun 17, 8:36am
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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
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
23rd Jun 17, 8:11am
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
Fonterra confirms overall milk production for the season just concluded was down by nearly 3%, but is forecasting that drop to reverse this year
22nd Jun 17, 10:14am
Fonterra confirms overall milk production for the season just concluded was down by nearly 3%, but is forecasting that drop to reverse this year
Reserve Bank leaves OCR on hold at 1.75%; Keeps comment that monetary policy will remain accommodative for a considerable period
22nd Jun 17, 9:03am
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Reserve Bank leaves OCR on hold at 1.75%; Keeps comment that monetary policy will remain accommodative for a considerable period
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
22nd Jun 17, 8:20am
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
David Hargreaves wonders, given the national obsession for housing, whether there could be better 'official' information available on market trends
22nd Jun 17, 8:04am
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David Hargreaves wonders, given the national obsession for housing, whether there could be better 'official' information available on market trends
Run of six consecutive gains ended at GlobalDairyTrade auction; Whole Milk Powder prices disappoint with 3.3% fall
21st Jun 17, 8:34am
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Run of six consecutive gains ended at GlobalDairyTrade auction; Whole Milk Powder prices disappoint with 3.3% fall
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
21st Jun 17, 8:26am
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
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
20th Jun 17, 8:05am
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
Roger J Kerr believes markets will be forced to change their current stance and move future pricing of interest rates to higher levels
19th Jun 17, 12:51pm
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Roger J Kerr believes markets will be forced to change their current stance and move future pricing of interest rates to higher levels
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
19th Jun 17, 8:06am
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
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
16th Jun 17, 7:55am
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
David Hargreaves wants to see a new Reserve Bank Governor who is thick-skinned and accepts that people will disagree with them
15th Jun 17, 3:17pm
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David Hargreaves wants to see a new Reserve Bank Governor who is thick-skinned and accepts that people will disagree with them
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
15th Jun 17, 11:00am
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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
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
15th Jun 17, 8:23am
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
Another very sharp rise in food prices raises further questions about the Reserve Bank's benign inflation forecasts
14th Jun 17, 12:42pm
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Another very sharp rise in food prices raises further questions about the Reserve Bank's benign inflation forecasts
NZD looking at the 0.7250 resistance level; GBP recovers and CAD continues to outperform; other majors quiet against the USD
14th Jun 17, 8:00am
NZD looking at the 0.7250 resistance level; GBP recovers and CAD continues to outperform; other majors quiet against the USD
NZD consolidates around the 0.7200 USD level; GBP remains under pressure and CAD outperforms; UK yields down; US and local rates stable
13th Jun 17, 8:08am
NZD consolidates around the 0.7200 USD level; GBP remains under pressure and CAD outperforms; UK yields down; US and local rates stable
Roger J Kerr says a resurgence of new issues of corporate bonds is to be expected, with the current levels of supply not meeting strong investor demand
12th Jun 17, 10:46am
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Roger J Kerr says a resurgence of new issues of corporate bonds is to be expected, with the current levels of supply not meeting strong investor demand
NZD traded a 25 point range against the USD and ended at 0.7210; GBP weaker on surprise election result, NZD up 1.6% against the GBP; currencies, other than GBP, close within 0.2% versus the USD
12th Jun 17, 8:03am
NZD traded a 25 point range against the USD and ended at 0.7210; GBP weaker on surprise election result, NZD up 1.6% against the GBP; currencies, other than GBP, close within 0.2% versus the USD
NZD and USD stronger amidst modest market movements; ECB policy assessment sees risks to economic growth as "broadly balanced", up from "negative"; AUD stable around 0.7550 USD
9th Jun 17, 7:52am
NZD and USD stronger amidst modest market movements; ECB policy assessment sees risks to economic growth as "broadly balanced", up from "negative"; AUD stable around 0.7550 USD
NZD rangebound and saw some resistance just above the 0.7200 USD mark; CAD weaker on lower oil prices and AUD higher on economic data; EUR saw some volatility after ECB draft projections show CPI at around 1.5%
8th Jun 17, 8:00am
NZD rangebound and saw some resistance just above the 0.7200 USD mark; CAD weaker on lower oil prices and AUD higher on economic data; EUR saw some volatility after ECB draft projections show CPI at around 1.5%