HOT TOPICS:   2015 series  |  Double shots  | Top 10 at 10                                                  RESOURCES:    Economic calendar   |   Rent or buy

The comment stream

Reader poll

Which country's economy is likely to improve the most in 2015?

Choices

User profile

Dan Bell's picture

Dan Bell is the senior currency strategist at HiFX in Auckland. You can contact him here 

Articles by Dan Bell


Fed will bide their time with rate hikes

Fed states unlikely to hike interest rates before April; NZ annual Q3 GDP lower-than-expected; global equities stronger as oil price continues to slide

Markets absorb FOMC

NZD slightly higher on FOMC decisions, inflation low with gold and oil steady

NZD up with dairy prices

Currency markets all focused on Russia and Europe; stocks higher, oil and gold lower

Equity markets take centre stage

European equities tumble on ECB inaction; expectations Yellen will take more hawkish stance; oil price continues to fall

NZD back below 78 USc

Stronger US consumer sentiment and unique French deflation sees NZD drift with other commodity currencies

NZD races higher on RBNZ statement

NZD falls just short of 95c against AUD; Governor Wheeler confident NZD will weaken; strong US retail sales boosts USD and equities

Oil price slammed again

US, UK and Japanese equities weaker; oil price down another 4.4%; RBNZ OCR announcement to set tone for NZD

Volatile night for currencies with little liquidity

Investors taking profits on USD long positions; ongoing concerns on global economic outlook; weak UK industrial production numbers

Chinese data surprise sees NZD lower

Investors trim NZD long positions on back of weaker Chinese data and Fonterra's forecast payout; massive weakness in the eurozone noted; weaker German data; equity markets mixed

NZD-USD opens markedly lower

Surging USD along with uncertainty of both RBNZ and Fonterra decisions this week keep pressure on the Kiwi

ECB to consider QE in January

BoE and ECB keep rates static; global equities and major commodities mixed; Australian trade balance showed deficit of A$1.5 bln

Aussie dollar struggling to find friends

AUD hits fresh lows on poor Q3 Australian GDP data, NZD dragged lower with it; UK economic data beats forecasts; US economic strength continuing

Fonterra auction sets tone for NZD

NZD weaker on another drop in Fonterra auction; any reduction in farmgate prices not great for NZ economy or NZD; doubts over UK economic recovery; AUD still too high according to RBA

Action aplenty in currency markets

Chinese & European data disappoints sending NZDUSD lower; USD sold off ahead of ECB policy meeting; AUDUSD touches fresh 4-year low; gold and oil rebound sharply

Plunging oil prices raise deflation concerns

Both euro-zone and Japan on cusp of deflation, big central bank signal week, GDT and US non-farm payrolls also this week

Saudi's block OPEC oil production cut

Oil price plunges 6.5%; ECB could ease monetary policy more aggressively to boost inflation and economic growth; NZD trades lower on German inflation numbers

NZD higher on weaker US data

AUD-USD hits a 4yr low and NZD-AUD jumps to a 4 month high; equities mixed, oil falls

US GDP well above expectations

NZD lower against majors, NZDUSD trading at 78c after falling to 77.6c; US Q3 GDP surprises with strong 3.9% p.a. reading; mixed global equity markets; oil price hammered again

Euro claws back loses

Upbeat German confidence numbers helps push down NZDEUR over half a cent; global equity markets mixed

AUD and NZD bounce on PBoC moves

China stimulus may fuel demand for commodities; Draghi talks tough on deflation