OCR
NZD spiked to 0.7090 USD after GDT prices rose 1.7%, as opposed to a 3-5% expected fall, currently at 0.7050 USD and 0.9145 AUD; USD lower as post-election Trump rally unwinds, USD TWI down 0.5%; GBP up on stronger inflation data
22nd Mar 17, 8:02am
NZD spiked to 0.7090 USD after GDT prices rose 1.7%, as opposed to a 3-5% expected fall, currently at 0.7050 USD and 0.9145 AUD; USD lower as post-election Trump rally unwinds, USD TWI down 0.5%; GBP up on stronger inflation data
Inflationary risks are rising, but NZIER Shadow Board agrees the Reserve Bank should hold fire before raising interest rates
21st Mar 17, 3:28pm
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Inflationary risks are rising, but NZIER Shadow Board agrees the Reserve Bank should hold fire before raising interest rates
NZD the strongest currency overnight, rising against all majors, up to 0.7050 USD; USD traded in a tight range, with no major data releases overnight; GBP lower, as start of the Brexit process firms up
21st Mar 17, 8:28am
NZD the strongest currency overnight, rising against all majors, up to 0.7050 USD; USD traded in a tight range, with no major data releases overnight; GBP lower, as start of the Brexit process firms up
Roger J Kerr says the real conundrum facing the Reserve Bank this week when looking at inflation forecasts is deciding when we will see wage increases feeding into higher costs
20th Mar 17, 12:25pm
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Roger J Kerr says the real conundrum facing the Reserve Bank this week when looking at inflation forecasts is deciding when we will see wage increases feeding into higher costs
NZD closed the week at 0.7020 USD and is expected to trade in tight ranges until the RBNZ OCR review, which is not expected to have any surprises; AUDUSD back up to 0.77 and NZDAUD just above 0.91
20th Mar 17, 7:59am
NZD closed the week at 0.7020 USD and is expected to trade in tight ranges until the RBNZ OCR review, which is not expected to have any surprises; AUDUSD back up to 0.77 and NZDAUD just above 0.91
NZD rose to 0.7040 USD after the Fed announcement yesterday but has since fallen to 0.6975 after weak GDP data; AUD lower against the USD after weak employment data, but given NZD weakness, has strengthened against the NZD
17th Mar 17, 7:56am
NZD rose to 0.7040 USD after the Fed announcement yesterday but has since fallen to 0.6975 after weak GDP data; AUD lower against the USD after weak employment data, but given NZD weakness, has strengthened against the NZD
NZDUSD broke through the 0.7000 mark, rising over 40 points after the Fed announcement; US Fed raises rates by 0.25% and maintains the outlook for another two hikes this year
16th Mar 17, 7:51am
NZDUSD broke through the 0.7000 mark, rising over 40 points after the Fed announcement; US Fed raises rates by 0.25% and maintains the outlook for another two hikes this year
NZD changed little against the USD and AUD; NOK and CAD down 0.6% and 0.3% respectively against the USD as oil prices resume their decline; GBP 0.5% lower despite no obvious trigger
15th Mar 17, 8:41am
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NZD changed little against the USD and AUD; NOK and CAD down 0.6% and 0.3% respectively against the USD as oil prices resume their decline; GBP 0.5% lower despite no obvious trigger
Another slower month of housing sales will give the Reserve Bank optimism its efforts are at least keeping some heat out of the Auckland market
14th Mar 17, 9:41am
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Another slower month of housing sales will give the Reserve Bank optimism its efforts are at least keeping some heat out of the Auckland market
NZD stable against USD, down 0.4% against AUD; AUD recovered some of last week's losses, up 0.5% against the USD; GBP up against USD and NZD on possibility of Brexit triggering this week and plans for a Scottish independence vote
14th Mar 17, 8:32am
NZD stable against USD, down 0.4% against AUD; AUD recovered some of last week's losses, up 0.5% against the USD; GBP up against USD and NZD on possibility of Brexit triggering this week and plans for a Scottish independence vote
BNZ economists disagree with the Reserve Bank's view that the risks are equal of interest rates moving up or down; BNZ sees inflation much higher and economic growth much lower than central bank predicts
13th Mar 17, 3:06pm
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BNZ economists disagree with the Reserve Bank's view that the risks are equal of interest rates moving up or down; BNZ sees inflation much higher and economic growth much lower than central bank predicts
Roger J Kerr says if the $NZ exchange rate stays at current lower levels inflation may lift a lot quicker than everyone expected
13th Mar 17, 10:59am
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Roger J Kerr says if the $NZ exchange rate stays at current lower levels inflation may lift a lot quicker than everyone expected
NZDUSD closed the week at 0.6920, up slightly from Friday; USD TWI dropped 0.5% after unemployment data, released on Friday night, did not upgrade rate hike expectations; NZDAUD traded in a tight range to close at 0.9180
13th Mar 17, 8:30am
NZDUSD closed the week at 0.6920, up slightly from Friday; USD TWI dropped 0.5% after unemployment data, released on Friday night, did not upgrade rate hike expectations; NZDAUD traded in a tight range to close at 0.9180
NZDUSD below the 0.6900 mark but finding some support at 0.6890; NZDAUD finds some support at 0.9185 as AUD suffers from oil prices falling by 7% over the last couple of days
10th Mar 17, 7:53am
NZDUSD below the 0.6900 mark but finding some support at 0.6890; NZDAUD finds some support at 0.9185 as AUD suffers from oil prices falling by 7% over the last couple of days
NZD at 0.6910 USD, testing the intra-day low of 0.6885 on 3 January and December low of 0.6860; USD TWI up 0.4% after strong employment data increased Fed hike expectations for the next couple of years; NZDAUD finding some support at 0.9170 mark
9th Mar 17, 8:18am
NZD at 0.6910 USD, testing the intra-day low of 0.6885 on 3 January and December low of 0.6860; USD TWI up 0.4% after strong employment data increased Fed hike expectations for the next couple of years; NZDAUD finding some support at 0.9170 mark
The Superannuation issue is just one example of a Government continually pushing problems out into the future for others to deal with
8th Mar 17, 5:00pm
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The Superannuation issue is just one example of a Government continually pushing problems out into the future for others to deal with
A 12.4% plunge in the price of Whole Milk Powder leads overall dairy prices down 6.3%; analysts see any recovery in prices as difficult while there is a surplus of supply; economists downgrade milk price forecasts
8th Mar 17, 8:12am
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A 12.4% plunge in the price of Whole Milk Powder leads overall dairy prices down 6.3%; analysts see any recovery in prices as difficult while there is a surplus of supply; economists downgrade milk price forecasts
NZD slips against most currencies, with dairy prices down 6.3%; NZ yields stable, movements no more than 1bp; USD and US Treasuries trade in tight ranges; foreign investment by Chinese companies falls 74% on a year ago due to tighter controls on FX
8th Mar 17, 8:00am
NZD slips against most currencies, with dairy prices down 6.3%; NZ yields stable, movements no more than 1bp; USD and US Treasuries trade in tight ranges; foreign investment by Chinese companies falls 74% on a year ago due to tighter controls on FX
In his first article in an election year issues-based analytical series on economic policies, Brian Fallow looks at Labour's plans for monetary policy
8th Mar 17, 6:41am
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In his first article in an election year issues-based analytical series on economic policies, Brian Fallow looks at Labour's plans for monetary policy
NZD below the 0.7000 mark against the USD, down to 0.9230 against the AUD; USD and JPY strongest performers of the day, USD TWI up 0.3%
7th Mar 17, 8:00am
NZD below the 0.7000 mark against the USD, down to 0.9230 against the AUD; USD and JPY strongest performers of the day, USD TWI up 0.3%
Kiwis' debt continues to dwarf household disposable income while household wealth is shrinking as a percentage of household income
6th Mar 17, 3:53pm
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Kiwis' debt continues to dwarf household disposable income while household wealth is shrinking as a percentage of household income
BNZ economists first among the major banks to lower their milk price forecast for farmers ahead of an anticipated fall in global dairy prices at this week's auction
6th Mar 17, 2:31pm
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BNZ economists first among the major banks to lower their milk price forecast for farmers ahead of an anticipated fall in global dairy prices at this week's auction
Roger J Kerr says interest rate fixing decisions just got harder
USD TWI 0.6% lower despite Yellen's nod to March rate hike, suggesting exhaustion of buying pressure; NZD did not gain from USD fall, still at 0.7040 despite higher risk appetite, also weaker against the AUD at 0.9275
6th Mar 17, 8:00am
USD TWI 0.6% lower despite Yellen's nod to March rate hike, suggesting exhaustion of buying pressure; NZD did not gain from USD fall, still at 0.7040 despite higher risk appetite, also weaker against the AUD at 0.9275
USD pushed higher on Fed speakers indicating a March rate rise; NZD and AUD suffered the most, with NZDUSD trading around 0.7050; Australian trade balance was much lower than expected, this has seen NZDAUD rise back to 0.9325
3rd Mar 17, 8:34am
USD pushed higher on Fed speakers indicating a March rate rise; NZD and AUD suffered the most, with NZDUSD trading around 0.7050; Australian trade balance was much lower than expected, this has seen NZDAUD rise back to 0.9325