Doug Steel
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
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Global dairy prices rose very strongly for the third consecutive auction, this time rising by 16.5%, with Wholemilk Powder up 20.6%
BNZ economists now see $3.80 milk price for current season but do believe global dairy prices will start to recover late this year
22nd Jul 15, 12:46pm
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BNZ economists now see $3.80 milk price for current season but do believe global dairy prices will start to recover late this year
Food for RBNZ thought as global dairy prices sink 10.7% to 13-year lows; Farmers operating below breakeven; no end in sight; ANZ sees milk price possibly as low as $3.75
16th Jul 15, 8:01am
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Food for RBNZ thought as global dairy prices sink 10.7% to 13-year lows; Farmers operating below breakeven; no end in sight; ANZ sees milk price possibly as low as $3.75
BNZ's Doug Steel looks at what El Nino means for New Zealand and how we fared in similar weather patterns in the past
25th May 15, 1:26pm
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BNZ's Doug Steel looks at what El Nino means for New Zealand and how we fared in similar weather patterns in the past
A rise in production, especially for Auckland and Otago manufacturers, points to a stronger factory sector in Q3
12th Sep 14, 2:32pm
A rise in production, especially for Auckland and Otago manufacturers, points to a stronger factory sector in Q3
ANZ cuts its Fonterra 2014-15 milk price forecast to $5.25/kg MS, which would represent a $5.1b annual drop in farmers' revenue
3rd Sep 14, 10:04am
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ANZ cuts its Fonterra 2014-15 milk price forecast to $5.25/kg MS, which would represent a $5.1b annual drop in farmers' revenue
Predicting world raw milk prices an inexact science when the experts cannot agree where they are going
12th Feb 14, 3:21pm
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Predicting world raw milk prices an inexact science when the experts cannot agree where they are going
Fonterra announcement sees NZ$ sell-off and any attempts by the RBNZ to delay hiking the OCR in early 2014 could see further NZ$ softness
12th Dec 13, 8:16am
Fonterra announcement sees NZ$ sell-off and any attempts by the RBNZ to delay hiking the OCR in early 2014 could see further NZ$ softness
If the RBNZ statement pours cold water on the market’s OCR expectations the NZ$/US$ could pull-back
11th Dec 13, 8:17am
If the RBNZ statement pours cold water on the market’s OCR expectations the NZ$/US$ could pull-back
US budget deal nears, this time without a crisis; UK economy data expected to be strong and possibly push GBP:NZD lower
10th Dec 13, 8:19am
US budget deal nears, this time without a crisis; UK economy data expected to be strong and possibly push GBP:NZD lower
Kiwi currency gains from currency volatility of majors, especially the yen; BNZ worry market is getting ahead of itself
9th Dec 13, 7:59am
Kiwi currency gains from currency volatility of majors, especially the yen; BNZ worry market is getting ahead of itself
BNZ believes current level of NZ$/A$ justified when looking at the trans-tasman fundamentals
6th Dec 13, 8:28am
BNZ believes current level of NZ$/A$ justified when looking at the trans-tasman fundamentals
Aussie Q3 GDP came in below expectations and the numbers show signs of soft domestic demand
5th Dec 13, 8:16am
Aussie Q3 GDP came in below expectations and the numbers show signs of soft domestic demand
Higher prices in Fonterra auction and ANZ Commodity Index components helping to strengthen NZ$ against majors
4th Dec 13, 7:39am
Higher prices in Fonterra auction and ANZ Commodity Index components helping to strengthen NZ$ against majors
The A$ is weaker overnght and will remain in the spotlight today ahead of the RBA meeting
3rd Dec 13, 8:22am
The A$ is weaker overnght and will remain in the spotlight today ahead of the RBA meeting
Sell-off in NZ$ surprising given strength of local data and fundamentals
2nd Dec 13, 8:32am
Sell-off in NZ$ surprising given strength of local data and fundamentals
With the NZ-US 3-year interest rate differentials at around 340 bps, historical correlations suggest the NZ$/US$ cross rate should be above 85c
29th Nov 13, 8:27am
With the NZ-US 3-year interest rate differentials at around 340 bps, historical correlations suggest the NZ$/US$ cross rate should be above 85c
The demise of the Kiwi dollar due to combination of US$ strength, commodity price weakness and a string of upbeat US economic indicators
28th Nov 13, 8:08am
The demise of the Kiwi dollar due to combination of US$ strength, commodity price weakness and a string of upbeat US economic indicators
Article notes upward pressure on RBNZ to lft interest rates; NZ$/A$ grinds higher to 5-year highs
27th Nov 13, 9:42am
Article notes upward pressure on RBNZ to lft interest rates; NZ$/A$ grinds higher to 5-year highs
Direction of US$ will be largely be determined by fiscal negotiation developments; NZ$ benefits from improved risk appetite
16th Oct 13, 8:19am
Direction of US$ will be largely be determined by fiscal negotiation developments; NZ$ benefits from improved risk appetite
Stronger PMI and PSI data shows broad based momentum in NZ economy and this is underpinning the NZ$
15th Oct 13, 7:47am
Stronger PMI and PSI data shows broad based momentum in NZ economy and this is underpinning the NZ$
Intra-day volatility across currencies as markets await progress in US fiscal negotiations
14th Oct 13, 7:55am
Intra-day volatility across currencies as markets await progress in US fiscal negotiations
Reports suggest Republican leaders have agreed to six-week debt ceiling extension but this is far from an ideal outcome
11th Oct 13, 8:34am
Reports suggest Republican leaders have agreed to six-week debt ceiling extension but this is far from an ideal outcome
Investors cautious as risk of fiscal shenanigans derailing the US recovery continue to grow
10th Oct 13, 8:27am
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Investors cautious as risk of fiscal shenanigans derailing the US recovery continue to grow
NZIER business survey has confidence breaking multi-year highs and has been NZ$ positive
9th Oct 13, 8:25am
NZIER business survey has confidence breaking multi-year highs and has been NZ$ positive