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Doug Steel

NZDUSD traded a tight 30 point range to start the day at 0.7040; USD dollar index (DXY) continued its decline, dropping to the lowest level since November last year; EUR and GBP outperform
28th Mar 17, 8:33am
NZDUSD traded a tight 30 point range to start the day at 0.7040; USD dollar index (DXY) continued its decline, dropping to the lowest level since November last year; EUR and GBP outperform
Fed speakers offer varied opinions but no clear steer.  UST 10yr weakens and flattens all within settled range. Local rates to follow lower
21st Mar 17, 8:51am
1
Fed speakers offer varied opinions but no clear steer.  UST 10yr weakens and flattens all within settled range. Local rates to follow lower
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
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
1
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
Quiet markets eye US Fed's dot plot. Local markets still ambivalent about a RBNZ rate hike in November. Next up, NZ's current account data
15th Mar 17, 8:25am
Quiet markets eye US Fed's dot plot. Local markets still ambivalent about a RBNZ rate hike in November. Next up, NZ's current account data
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
Eyes of Fed guidance, especially the dot plot. Local rates move down, but BNZ bets NZ CPI will be significantly higher than RBNZ assumptions when Q1-17 released
14th Mar 17, 8:21am
Eyes of Fed guidance, especially the dot plot. Local rates move down, but BNZ bets NZ CPI will be significantly higher than RBNZ assumptions when Q1-17 released
Views of future inflation are changing interest rate market expectations, and firms pricing intentions starting to point higher too
1st Mar 17, 9:15am
Views of future inflation are changing interest rate market expectations, and firms pricing intentions starting to point higher too
Comments from a US Fed voter pushes US benchmarks up. Markets await Trump speech, but it is now unlikely to include his 'phenominal' fiscal package
28th Feb 17, 8:27am
Comments from a US Fed voter pushes US benchmarks up. Markets await Trump speech, but it is now unlikely to include his 'phenominal' fiscal package
Softer-than-expected US data halted a rise in the UST benchmark yields. Markets now await US Fed minutes for direction
22nd Feb 17, 8:50am
Softer-than-expected US data halted a rise in the UST benchmark yields. Markets now await US Fed minutes for direction
NZD fell to 0.7130 USD overnight, before recovering to 0.7160 this morning, continues to find support at 0.9300 AUD; EUR, GBP and JPY under pressure from the USD, USD DXY rises about 0.7%; Oil prices up 1%, now at US$57/bbl
22nd Feb 17, 8:49am
NZD fell to 0.7130 USD overnight, before recovering to 0.7160 this morning, continues to find support at 0.9300 AUD; EUR, GBP and JPY under pressure from the USD, USD DXY rises about 0.7%; Oil prices up 1%, now at US$57/bbl
NZDUSD changed little yesterday while local rates declined, a follow on from Friday's offshore session; GBP recovered some of its Friday losses; JPY changed little, despite much worse than expected January trade balance
21st Feb 17, 8:22am
NZDUSD changed little yesterday while local rates declined, a follow on from Friday's offshore session; GBP recovered some of its Friday losses; JPY changed little, despite much worse than expected January trade balance
NZDUSD lower on weak PMI, retail sales numbers and a rising USD, unchanged against AUD; USD strengthens against all majors but Japan; GBP hurt by consecutive months of lower sales in January
20th Feb 17, 8:16am
NZDUSD lower on weak PMI, retail sales numbers and a rising USD, unchanged against AUD; USD strengthens against all majors but Japan; GBP hurt by consecutive months of lower sales in January
Despite strong US data, yields have not pushed higher. Markets await Trump budget. NZ rates slip
20th Feb 17, 7:54am
Despite strong US data, yields have not pushed higher. Markets await Trump budget. NZ rates slip
NZ swap rates slightly lower across the curve; Greek 10yr yields up 39bps; US 10yr yields unchanged after trading in a tight range
31st Jan 17, 8:32am
by Guest
NZ swap rates slightly lower across the curve; Greek 10yr yields up 39bps; US 10yr yields unchanged after trading in a tight range
NZD trading at 0.7290 USD and testing the 0.9650 mark against the AUD; USD DXY index changed little from yesterday after trading in a 1% range; equity markets down across US and EU
31st Jan 17, 8:25am
by Guest
NZD trading at 0.7290 USD and testing the 0.9650 mark against the AUD; USD DXY index changed little from yesterday after trading in a 1% range; equity markets down across US and EU
NZD supported by positive risk sentiment. US Q4 GDP has firm core indicators. NZTWI approaching 80 and ten month high
30th Jan 17, 9:20am
by Guest
NZD supported by positive risk sentiment. US Q4 GDP has firm core indicators. NZTWI approaching 80 and ten month high
NZGB bonds don't rally despite strong NZ Govt accounts. Opens up possiblility of fewer bond tenders. Eyes on US Fed
30th Jan 17, 8:46am
by Guest
NZGB bonds don't rally despite strong NZ Govt accounts. Opens up possiblility of fewer bond tenders. Eyes on US Fed
Steeper local curves follow offshore shifts. NZGB yields rise more than swap. Eyes turn to major central bank reviews next week
27th Jan 17, 8:43am
by Guest
Steeper local curves follow offshore shifts. NZGB yields rise more than swap. Eyes turn to major central bank reviews next week
Strong USD reverses NZD rally after strong CPI release; NZDAUD consolidates at the 0.9600 level; USD rises against all major currencies despite positive data in the UK and Germany
27th Jan 17, 8:32am
by Guest
Strong USD reverses NZD rally after strong CPI release; NZDAUD consolidates at the 0.9600 level; USD rises against all major currencies despite positive data in the UK and Germany
NZDUSD currently trading at 0.7250, expected to rise on current risk appetite; Equities up across the US, Asia and Europe; USD continues to edge lower; AUD lower against the USD and NZD after lower than expected CPI
26th Jan 17, 8:38am
by Guest
NZDUSD currently trading at 0.7250, expected to rise on current risk appetite; Equities up across the US, Asia and Europe; USD continues to edge lower; AUD lower against the USD and NZD after lower than expected CPI
Both the Reserve Bank and the financial marketplace are going to need to make adjustments under the RBNZ's new interest rate prediction policy
25th Oct 16, 4:19pm
2
Both the Reserve Bank and the financial marketplace are going to need to make adjustments under the RBNZ's new interest rate prediction policy
AgriHQ hails dairy market 'turning a corner'; Westpac increases farm gate milk price forecast to $5; ANZ sees challenges remaining for dairying
17th Aug 16, 11:24am
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AgriHQ hails dairy market 'turning a corner'; Westpac increases farm gate milk price forecast to $5; ANZ sees challenges remaining for dairying
NZIER's latest consensus forecast show economists are upgrading expectations of economic growth - but see weaker inflation too; RBNZ warns again on low inflation expectations
14th Mar 16, 1:08pm
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NZIER's latest consensus forecast show economists are upgrading expectations of economic growth - but see weaker inflation too; RBNZ warns again on low inflation expectations
Global dairy prices rose very strongly for the third consecutive auction, this time rising by 16.5%, with Wholemilk Powder up 20.6%
16th Sep 15, 4:34am
9
Global dairy prices rose very strongly for the third consecutive auction, this time rising by 16.5%, with Wholemilk Powder up 20.6%