bnzeconomists
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Little reaction to strong QSBO despite signals that pricing intentions foreshadow rising inflation
Little reaction to strong QSBO despite signals that pricing intentions foreshadow rising inflation
NZ swaps move little on offshore volatility although upcoming Fed minutes will be watched closely for signals
NZ swaps move little on offshore volatility although upcoming Fed minutes will be watched closely for signals
QSBO likely to be more positive, supporting the currency; international equities deline
QSBO likely to be more positive, supporting the currency; international equities deline
Yields drop in New York on falling equity prices, dragging local rates down and providing opportunities for SMEs and mortgage funders
Yields drop in New York on falling equity prices, dragging local rates down and providing opportunities for SMEs and mortgage funders
NZD rises after US payrolls report; eyes on QV and QSBO; Canada also making jobs progress
NZD rises after US payrolls report; eyes on QV and QSBO; Canada also making jobs progress
'Expected' US jobs data results in sharp fall in US Treasury yields; downward pressure expected here today
'Expected' US jobs data results in sharp fall in US Treasury yields; downward pressure expected here today
NZD vulnerable to US NFP surprises; ECB’s Governing Council is now "unanimous in its commitment" to use unconventional policy tools
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NZD vulnerable to US NFP surprises; ECB’s Governing Council is now "unanimous in its commitment" to use unconventional policy tools
Yields expected to rise as US employment improves; upward pressure on NZ swap rates with curve slightly steeper
Yields expected to rise as US employment improves; upward pressure on NZ swap rates with curve slightly steeper
Most rates push higher across the board with both domestic and international factors driving the rises
Most rates push higher across the board with both domestic and international factors driving the rises
Falling commodity prices weigh on the local currency; international data relatively strong
Declining commodity prices over 2014 should apply downward pressure to the NZD; RBA targets a 'period of stability'
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Declining commodity prices over 2014 should apply downward pressure to the NZD; RBA targets a 'period of stability'
IMF warns Labour/Greens; Yellen comments move markets; USD weakens against all except the Yen
IMF warns Labour/Greens; Yellen comments move markets; USD weakens against all except the Yen
More rises in NZ swap rates; NZGS yields higher too; spreads to AU widen
Falling dairy prices will reduce a key support for the NZD; USD trends now more dependent on data outcomes
Falling dairy prices will reduce a key support for the NZD; USD trends now more dependent on data outcomes
Difficult to envisage even further gains on more good NZ data, says BNZ; offshore eyes on US NFPs
Difficult to envisage even further gains on more good NZ data, says BNZ; offshore eyes on US NFPs
Highest ever trade surplus for a February and well above market expectations; exports surprised on the high side, up 17% on last year
Highest ever trade surplus for a February and well above market expectations; exports surprised on the high side, up 17% on last year
The shorter-end of the curve supported by steady pay-side flow from both corporates and the mortgage book
The shorter-end of the curve supported by steady pay-side flow from both corporates and the mortgage book
Domestic payers and offshore receivers keeping 2 year swap in a tight range; offshore support of today's DMO auction closely watched
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Domestic payers and offshore receivers keeping 2 year swap in a tight range; offshore support of today's DMO auction closely watched
Stevens says AU economy will improve, downgrades concerns about the AUD, expects non-mineral exports to rise
Stevens says AU economy will improve, downgrades concerns about the AUD, expects non-mineral exports to rise
NZD stronger against key peers; equity markets eke out gains despite mixed data and continued Ukrainian tensions
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NZD stronger against key peers; equity markets eke out gains despite mixed data and continued Ukrainian tensions
Aussie cash rate heading for a prolonged stable period at 2.5%, unlike NZ which will be at 5% at end of 2015
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Aussie cash rate heading for a prolonged stable period at 2.5%, unlike NZ which will be at 5% at end of 2015
The run of weaker China data has traders guessing that more simulus is coming in China; illiquid markets keep USD lower
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The run of weaker China data has traders guessing that more simulus is coming in China; illiquid markets keep USD lower
On lingering Ukraine tensions and below expectation PMIs, markets lower risk appetites a little
On lingering Ukraine tensions and below expectation PMIs, markets lower risk appetites a little
NZD/AUD cross stretching fundamental 'fair value' which remains in a 0.8600-0.8800 range, says BNZ
NZD/AUD cross stretching fundamental 'fair value' which remains in a 0.8600-0.8800 range, says BNZ
Offshore participation key to this weeks swap direction and Thursday's DMO offer