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Choices

VIX

Excuse to sell?

NZD reacted to others yesterday but may find its own direction today with some key local data releases

Kiwi rebounds

NZD rises on Fonterra confidence, USD weakness, widening trouble in the Ukraine. Aussie capex data release may set trend for NZD today

Passive intervention by RBNZ?

Sometime before any RBNZ intervention in currency confirmed; NZDAUD continues to slide south

NZD's down lurch stalls

Kiwi's fall stops after unsubstantiated intervention rumour; no support expected from today's trade data

Draghi's support for QE goes unconditional

Yellen still sees US jobs slack but also sees fast improvement; Draghi preparing for outright purchases of ABS; markets expect less from RBA or RBNZ

NZD finding some friends

S&P 500 index hits record highs as US data uniformly surprises to the upside; NZD recovering after dipping on weaker consumer confidence data

NZDUSD target is 80c by year end

Hawkish tilt to Fed minutes sees USD kick higher although concern on slack labour market lingers

Market using any excuse to sell NZD

Q2 PPI data in line with indications but surprised market causing a sell-off in NZD; US data better than expected overnight giving USD some broader support

NZD a casualty of broader USD strength

Eyes on the GDT auction to set the next NZD trend; eyes on US Fed and BofE rate rising signals

Yen and CHF safe-havens

USD on the back foot as US confidence reports underwhelm and geopolitics adds to uncertainty