OCR
NZD trading just above the 0.7200 USD mark; USDJPY down 1% as traders offload risk prior to key events on Thursday; AUD pushed through the 0.7500 USD mark but is 0.4% lower against the NZD
7th Jun 17, 8:05am
NZD trading just above the 0.7200 USD mark; USDJPY down 1% as traders offload risk prior to key events on Thursday; AUD pushed through the 0.7500 USD mark but is 0.4% lower against the NZD
Roger J Kerr looks at the choices large bond fund managers are facing, wondering how these will impact our long term interest rates
6th Jun 17, 2:22pm
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Roger J Kerr looks at the choices large bond fund managers are facing, wondering how these will impact our long term interest rates
USD weaker on weaker than expected employment data; AUD outperforms as data shows strong inventories and company profits; GBP was a solid performer prior to Thursday's election
6th Jun 17, 8:19am
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USD weaker on weaker than expected employment data; AUD outperforms as data shows strong inventories and company profits; GBP was a solid performer prior to Thursday's election
NZD drops below the 0.7100 USD mark, now trading at 0.7065; USD supported by positive US economic news and Fed speakers affirming rate hike plan; AUD bottom of the leaderboard, down to 0.7380 USD, NZDAUD trading at 0.9570
2nd Jun 17, 8:21am
NZD drops below the 0.7100 USD mark, now trading at 0.7065; USD supported by positive US economic news and Fed speakers affirming rate hike plan; AUD bottom of the leaderboard, down to 0.7380 USD, NZDAUD trading at 0.9570
Oil down 3% as traders lose conviction that production cuts will reduce inventory, CAD and AUD down about 0.4%; NZD trading at 0.71 USD mark, on track to be the best performing currency for the month
1st Jun 17, 8:33am
Oil down 3% as traders lose conviction that production cuts will reduce inventory, CAD and AUD down about 0.4%; NZD trading at 0.71 USD mark, on track to be the best performing currency for the month
USD on a modest downward trend since last evening, TWI down 0.2%; despite weak inflation data, the market is still pricing in an 84% chance of a Fed rate hike next month; German inflation slowed more than expected
31st May 17, 7:58am
USD on a modest downward trend since last evening, TWI down 0.2%; despite weak inflation data, the market is still pricing in an 84% chance of a Fed rate hike next month; German inflation slowed more than expected
NZD is hovering around 0.7060 USD after meeting some resistance near 0.7090 last night; local rates market saw modest upward pressure, reversing some of Friday’s move
30th May 17, 8:09am
NZD is hovering around 0.7060 USD after meeting some resistance near 0.7090 last night; local rates market saw modest upward pressure, reversing some of Friday’s move
Roger J Kerr sees an opportunity now to lock in low borrowing rates ahead of a period when public policy actions are likely to take rates higher
29th May 17, 12:12pm
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Roger J Kerr sees an opportunity now to lock in low borrowing rates ahead of a period when public policy actions are likely to take rates higher
NZD gained 0.5% on Friday to be trading at 0.7060 USD, up around 2% for the week; slump in GBP as polls show the Conservative party losing support and consumer confidence declining; WTI Crude Oil recovered 1.8% after a 4.8% plunge
29th May 17, 8:18am
NZD gained 0.5% on Friday to be trading at 0.7060 USD, up around 2% for the week; slump in GBP as polls show the Conservative party losing support and consumer confidence declining; WTI Crude Oil recovered 1.8% after a 4.8% plunge
Commodity currencies lower as oil drops almost 5% on smaller than expected production cuts; NZ budget has little impact on markets; USD recovers some ground, lost due to slightly dovish FOMC minutes released yesterday
26th May 17, 8:12am
Commodity currencies lower as oil drops almost 5% on smaller than expected production cuts; NZ budget has little impact on markets; USD recovers some ground, lost due to slightly dovish FOMC minutes released yesterday
NZDUSD testing 0.7050 level and sits near the top of the leaderboard; Fed minutes from the May meeting supported a June rate hike and a gradual reduction of the balance sheet; Draghi plays down unwarranted side effects from negative rates
25th May 17, 8:26am
NZDUSD testing 0.7050 level and sits near the top of the leaderboard; Fed minutes from the May meeting supported a June rate hike and a gradual reduction of the balance sheet; Draghi plays down unwarranted side effects from negative rates
Subdued house prices in the run up to the election are likely to lead to complacency when it comes to some much-needed tightening up measures
24th May 17, 1:33pm
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Subdued house prices in the run up to the election are likely to lead to complacency when it comes to some much-needed tightening up measures
The game is up on the 'fill-yerboots with borrowing offshore' modus operandi - sustaining NZ investment is going to require more domestic saving to finance it, ANZ chief economist says
24th May 17, 10:57am
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The game is up on the 'fill-yerboots with borrowing offshore' modus operandi - sustaining NZ investment is going to require more domestic saving to finance it, ANZ chief economist says
NZD tops currency leaderboard for second day running; Trump's budget, plans to cut spending by $3.6 tln over next 10 years; GBP spooked after bombing in Manchester yesterday
24th May 17, 8:53am
NZD tops currency leaderboard for second day running; Trump's budget, plans to cut spending by $3.6 tln over next 10 years; GBP spooked after bombing in Manchester yesterday
Fonterra is now forecasting a $6.15 milk price for farmers this season, up from $6; opening forecast price for next season is $6.50, which is higher than economists thought likely
24th May 17, 8:39am
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Fonterra is now forecasting a $6.15 milk price for farmers this season, up from $6; opening forecast price for next season is $6.50, which is higher than economists thought likely
NZD trended 1% higher overnight, meeting some resistance just under the 0.70 USD mark; USD remains out of favour; NZ 2 yr swap at 2.25%, 10 yr at 3.26%, steepening bias expected
23rd May 17, 8:01am
NZD trended 1% higher overnight, meeting some resistance just under the 0.70 USD mark; USD remains out of favour; NZ 2 yr swap at 2.25%, 10 yr at 3.26%, steepening bias expected
Roger J Kerr doesn't see any new collapse in oil prices and therefore wonders where the price falls the RBNZ is predicting over the next 12 months will come from
22nd May 17, 9:11am
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Roger J Kerr doesn't see any new collapse in oil prices and therefore wonders where the price falls the RBNZ is predicting over the next 12 months will come from
UST and local rates traded in a tight range with little movement in the yield curve; USD was under pressure on Friday, USD majors index down 0.7%; NZD up to 0.6925 on USD weakness
22nd May 17, 8:44am
UST and local rates traded in a tight range with little movement in the yield curve; USD was under pressure on Friday, USD majors index down 0.7%; NZD up to 0.6925 on USD weakness
USD recovered after being supported by strong data; NZDUSD below the 0.6900 level as USD strengthened and NZDAUD is also lower, now trading at the 0.9300 mark; Brazilian real down 6% on the President's corruption allegations
19th May 17, 7:57am
USD recovered after being supported by strong data; NZDUSD below the 0.6900 level as USD strengthened and NZDAUD is also lower, now trading at the 0.9300 mark; Brazilian real down 6% on the President's corruption allegations
NZD up 0.8% against the USD as the risk off mood sees the USD index 0.6% lower; UST yields down 6 bps and 11 bps for the 2 yr and 10 yr rates respectively; local yields were down across the curve yesterday and further downward pressure is expected today
18th May 17, 8:15am
NZD up 0.8% against the USD as the risk off mood sees the USD index 0.6% lower; UST yields down 6 bps and 11 bps for the 2 yr and 10 yr rates respectively; local yields were down across the curve yesterday and further downward pressure is expected today
David Hargreaves crunches some of the official numbers on mortgage interest rates
17th May 17, 3:15pm
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David Hargreaves crunches some of the official numbers on mortgage interest rates
ANZ economists now pick an opening forecast milk price of $6.75 per kilogram of milk solids following the fifth consecutive rise of prices at the GlobalDairyTrade auction
17th May 17, 9:01am
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ANZ economists now pick an opening forecast milk price of $6.75 per kilogram of milk solids following the fifth consecutive rise of prices at the GlobalDairyTrade auction
USD breaks below the 200-day moving average and the DXY is down to its lowest level since November's election; despite positive dairy auction and USD weakness, NZD did not find upward momentum and traded a tight 40 pip range
17th May 17, 8:21am
USD breaks below the 200-day moving average and the DXY is down to its lowest level since November's election; despite positive dairy auction and USD weakness, NZD did not find upward momentum and traded a tight 40 pip range
Oil prices jumped higher as production cuts extended, up 1.9% for the day; NZD was supported by a rise in oil prices but has lost some of its gains, opening at 0.6880 USD; AUD retained some gains and NZDAUD now trades at 0.9270
16th May 17, 8:36am
Oil prices jumped higher as production cuts extended, up 1.9% for the day; NZD was supported by a rise in oil prices but has lost some of its gains, opening at 0.6880 USD; AUD retained some gains and NZDAUD now trades at 0.9270
Reserve Bank says its forecasting ability could be improved if Statistics New Zealand moved to monthly production of inflation data
15th May 17, 5:00pm
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Reserve Bank says its forecasting ability could be improved if Statistics New Zealand moved to monthly production of inflation data