OCR
Official Cash Rate set to remain at 1.75% but RBNZ's MPS to be perused closely for forecasts on future hikes, inflation outlook and comments on the softening housing market
8th May 17, 8:23am
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Official Cash Rate set to remain at 1.75% but RBNZ's MPS to be perused closely for forecasts on future hikes, inflation outlook and comments on the softening housing market
NZD outperforms all majors to trade at 0.6920 USD and 0.9320 AUD; USD fell after release of employment report, UST yields largely unaffected; local short end rates look to RBNZ announcement for direction
8th May 17, 8:10am
NZD outperforms all majors to trade at 0.6920 USD and 0.9320 AUD; USD fell after release of employment report, UST yields largely unaffected; local short end rates look to RBNZ announcement for direction
NZD has suffered from a recent drop in commodity prices even though NZ commodity prices have held up, currently trading at 0.6855 USD; USD reversed gains from FOMC announcement as EUR strengthened
5th May 17, 8:10am
NZD has suffered from a recent drop in commodity prices even though NZ commodity prices have held up, currently trading at 0.6855 USD; USD reversed gains from FOMC announcement as EUR strengthened
AUD was the weakest performer of the day, down 1.4% to 0.7430 USD; spillover effects have seen NZDUSD drop back below the 0.6900 level and it is trading around the session lows of 0.6880; FOMC statement pushed USD slightly higher
4th May 17, 8:19am
AUD was the weakest performer of the day, down 1.4% to 0.7430 USD; spillover effects have seen NZDUSD drop back below the 0.6900 level and it is trading around the session lows of 0.6880; FOMC statement pushed USD slightly higher
Economists see results at latest dairy auction as boding well for the milk price to farmers in the upcoming season; overnight overall dairy prices lifted 3.6%, while Whole Milk Powder gained 5.2%
3rd May 17, 8:14am
Economists see results at latest dairy auction as boding well for the milk price to farmers in the upcoming season; overnight overall dairy prices lifted 3.6%, while Whole Milk Powder gained 5.2%
NZD up 0.4% to 0.6935 USD and back above the 0.9200 AUD level; VIX index continues to hover around a historically low level of 10; China growth slows; WTI Crude Oil down 2% to below US$48/brl
3rd May 17, 8:05am
NZD up 0.4% to 0.6935 USD and back above the 0.9200 AUD level; VIX index continues to hover around a historically low level of 10; China growth slows; WTI Crude Oil down 2% to below US$48/brl
NZD and AUD head the leaderboard as they rise to 0.6910 and 0.7530 USD, NZDAUD trades at 0.9175; US data releases were on the soft side, but this only temporarily affected the USD as it ended the day almost flat
2nd May 17, 8:27am
NZD and AUD head the leaderboard as they rise to 0.6910 and 0.7530 USD, NZDAUD trades at 0.9175; US data releases were on the soft side, but this only temporarily affected the USD as it ended the day almost flat
New Reserve Bank figures show housing investors' borrowing levels are down over 30% on a year ago, but lending to first home buyers and owner occupiers is up
1st May 17, 3:42pm
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New Reserve Bank figures show housing investors' borrowing levels are down over 30% on a year ago, but lending to first home buyers and owner occupiers is up
Roger J Kerr believes that both tradable and non-tradable inflation will move higher still during the remainder of this year
1st May 17, 11:33am
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Roger J Kerr believes that both tradable and non-tradable inflation will move higher still during the remainder of this year
NZD ended the week at 0.6866 USD, falling 2% in the month of April and about 6% over the last three months on a TWI basis; NZ rates were lower on Friday, 1-2 bps down across the curve; US GDP lower than expected, but market reaction was limited
1st May 17, 8:22am
NZD ended the week at 0.6866 USD, falling 2% in the month of April and about 6% over the last three months on a TWI basis; NZ rates were lower on Friday, 1-2 bps down across the curve; US GDP lower than expected, but market reaction was limited
NZDUSD briefly fell to around 0.6850, below December's low, and currently trades at the 0.6875 level; ECB to “keep rates at present or lower levels for extended period of time”; SEK worst performer as Swedish central bank to purchase government bonds
28th Apr 17, 7:53am
NZDUSD briefly fell to around 0.6850, below December's low, and currently trades at the 0.6875 level; ECB to “keep rates at present or lower levels for extended period of time”; SEK worst performer as Swedish central bank to purchase government bonds
NZDUSD trading lower at 0.6880, as USD strength continued to dominate markets; USD supported by Trump's tax cuts; AUDUSD also traded lower to 0.7470 and NZDAUD is at 0.9215
27th Apr 17, 7:44am
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NZDUSD trading lower at 0.6880, as USD strength continued to dominate markets; USD supported by Trump's tax cuts; AUDUSD also traded lower to 0.7470 and NZDAUD is at 0.9215
Market friendly French election result has seen an increase in global risk appetite; NZD, however, has not benefited from this and is trading at 0.6950 USD and 0.9220 AUD; EUR remains in favour and JPY suffers
26th Apr 17, 7:33am
Market friendly French election result has seen an increase in global risk appetite; NZD, however, has not benefited from this and is trading at 0.6950 USD and 0.9220 AUD; EUR remains in favour and JPY suffers
Roger J Kerr thinks we need to be watching 'the three Cs'; says nobody believes interest rates are going to stay low now - the only question is how much they will rise by
24th Apr 17, 10:36am
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Roger J Kerr thinks we need to be watching 'the three Cs'; says nobody believes interest rates are going to stay low now - the only question is how much they will rise by
NZD opens at 0.7040 USD making small gains on most of the crosses; EUR jumped up to 1.0930 USD this morning, up 1.8%, after exit polls indicated that Macron would be the likely winner of the French election; CAD and NOK lower as WTI Crude Oil fell 2%
24th Apr 17, 7:43am
NZD opens at 0.7040 USD making small gains on most of the crosses; EUR jumped up to 1.0930 USD this morning, up 1.8%, after exit polls indicated that Macron would be the likely winner of the French election; CAD and NOK lower as WTI Crude Oil fell 2%
NZD and local rates moved up after CPI release but subsequently reversed some gains, NZDUSD currently at 0.7010 and 2yr and 10yr swaps at 2.32% and 3.30%; despite soft data releases recently, US Fed speakers still looking to raise rates as planned
21st Apr 17, 7:51am
NZD and local rates moved up after CPI release but subsequently reversed some gains, NZDUSD currently at 0.7010 and 2yr and 10yr swaps at 2.32% and 3.30%; despite soft data releases recently, US Fed speakers still looking to raise rates as planned
CPI inflation of 2.2% in year to March beats expectations, with housing-related and transport prices on top of cigarette tax rise driving it
20th Apr 17, 10:59am
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CPI inflation of 2.2% in year to March beats expectations, with housing-related and transport prices on top of cigarette tax rise driving it
NZD drops to the 0.7000 level against the USD as the USD finds some support after a weak run; AUD worst performer of the day, now trading around 0.7500 USD and 0.9340 NZD; GBP loses some gains made from the election announcement
20th Apr 17, 7:39am
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NZD drops to the 0.7000 level against the USD as the USD finds some support after a weak run; AUD worst performer of the day, now trading around 0.7500 USD and 0.9340 NZD; GBP loses some gains made from the election announcement
NZD trades close to 0.7040 USD, around its high for the session, and above 0.9300 AUD; GBPUSD up over 2% as an early UK election announced; US Treasury rates lower on weak CPI data and delayed fiscal stimulus, 10yr rate down 7bps
19th Apr 17, 8:09am
NZD trades close to 0.7040 USD, around its high for the session, and above 0.9300 AUD; GBPUSD up over 2% as an early UK election announced; US Treasury rates lower on weak CPI data and delayed fiscal stimulus, 10yr rate down 7bps
The housing market looks set to be quiet in the run up to the election, but David Hargreaves wonders if that's necessarily a good thing
19th Apr 17, 7:59am
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The housing market looks set to be quiet in the run up to the election, but David Hargreaves wonders if that's necessarily a good thing
Roger J Kerr doesn't see the 'geo-political risk' inspired reversal of interest rates continuing for long, but says the recent drop has provided an opportunity
18th Apr 17, 9:30am
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Roger J Kerr doesn't see the 'geo-political risk' inspired reversal of interest rates continuing for long, but says the recent drop has provided an opportunity
Economists expect the Consumers Price Index to hit levels not seen in years; Reserve Bank not expected to act at this stage
18th Apr 17, 9:09am
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Economists expect the Consumers Price Index to hit levels not seen in years; Reserve Bank not expected to act at this stage
NZD trading at 0.7010 USD, driven by a weaker USD and strong China data; USD lower on Trump comments and weaker than expected CPI data; AUD pushes up to around 0.76 USD, sustaining gains seen after strong employment data, NZDAUD trading at 0.9230
18th Apr 17, 8:17am
NZD trading at 0.7010 USD, driven by a weaker USD and strong China data; USD lower on Trump comments and weaker than expected CPI data; AUD pushes up to around 0.76 USD, sustaining gains seen after strong employment data, NZDAUD trading at 0.9230
David Hargreaves would like to seen any review of the Reserve Bank undertaken as a part of a root-and-branch overhaul of its governing legislation
15th Apr 17, 7:28am
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David Hargreaves would like to seen any review of the Reserve Bank undertaken as a part of a root-and-branch overhaul of its governing legislation
NZD down between 0.3-0.7% on all crosses, trading at 0.6915 USD; AUD under pressure as well, as iron ore prices drop further; VIX index continues to rise, trading in the 15-16 range
13th Apr 17, 7:26am
NZD down between 0.3-0.7% on all crosses, trading at 0.6915 USD; AUD under pressure as well, as iron ore prices drop further; VIX index continues to rise, trading in the 15-16 range