bnzeconomists
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Commodity currencies down as equity markets suffer on back of weak US data
US$ weaker across the board responding to US growth concerns
NZ$/A$ a tad higher as RBA minutes give no significant clues
Nervous stability takes hold with A$ and EUR benefiting
NZ$ starts the week above US$0.83 and A$0.80. Equity markets recover some losses
NZ$ up strongly against most currencies as risk sentiment improves
Equity market falls prompt renewed rush to safety. NZ$ falls below US$0.81
Extreme volatility hits NZ$, trading below US$0.80, now above 0.83
NZ$ hit by rising risk aversion back below US$0.83; interest rate markets scale back expected OCR increase
NZ$ hit by rising risk aversion back below US$0.83; interest rate markets scale back expected OCR increase
US dollar unlikely to have its usual strong 'safe haven' appeal; Kiwi may not suffer as harshly as normal in times of risk aversion
US dollar unlikely to have its usual strong 'safe haven' appeal; Kiwi may not suffer as harshly as normal in times of risk aversion
Rush for safe havens as worries mount about Euro debt crisis
NZ$ drifts lower against US$ but NZ$/A$ remains firm
US debt deal done but outlook for global growth worries markets
NZ$/US$ weaker as risk aversion kicks in
NZ$/US$ almost gets to 0.88 as US debt ceiling crisis goes down to the wire
NZ$ reaction to OCR muted. Short term interest rates rise, expecting 50bp OCR hike in September
NZ$ reaction to OCR muted. Short term interest rates rise, expecting 50bp OCR hike in September
NZ$ holds up despite increased risk aversion. A$ gains on high CPI
US debt ceiling statement pushes NZ$/US$ to yet another post-float high
NZ$ gives up some ground against A$ but maintains US$ strength
NZ$ stays strong as expectations of rising OCR grows
Euro debt worries soothed but US debt ceiling still looms. NZ$ interest rates rise
NZD holds its ground with all eyes on Euro and US debt negotiations
Risk goes back on as Euro worries ease and US data surprises
Higher than expected CPI supports NZD in nervous market. Short term interest rates rise
Higher than expected CPI supports NZD in nervous market. Short term interest rates rise
Triple worries of US debt, US growth and Euro crisis pushing and pulling markets