bnzeconomists

Market expectations of RBNZ rate hikes low but should rise; all eyes on US non-farm payrolls report tonight

Market expectations of RBNZ rate hikes low but should rise; all eyes on US non-farm payrolls report tonight

Kiwi separates from the Aussie and the NZD is likely to stay high; only multiple shocks are likely to disturb the trend

Kiwi separates from the Aussie and the NZD is likely to stay high; only multiple shocks are likely to disturb the trend

Kiwi currency suffering from Aussie woes and pullback from recent outperformance

Kiwi currency suffering from Aussie woes and pullback from recent outperformance

Soft GDT pressures short end of rate curve, abetted by weak Aussie GDP; UST 10yr yields drift in lazy range

Soft GDT pressures short end of rate curve, abetted by weak Aussie GDP; UST 10yr yields drift in lazy range

Commodities fall again, USD rises, RBA annoyed at AUD strength, markets anticipate good US jobs reports

Commodities fall again, USD rises, RBA annoyed at AUD strength, markets anticipate good US jobs reports

RBA worried about low commodity prices and high AUD; GDT disappoints; US anticipates strong jobs data

RBA worried about low commodity prices and high AUD; GDT disappoints; US anticipates strong jobs data

Commodities stage small recovery, Fed sees benefits in lower oil prices, GDT due, Japan downgraded

Commodities stage small recovery, Fed sees benefits in lower oil prices, GDT due, Japan downgraded

NZ yields follow US down; eyes on RBA today and GDT tonight but another weak result unlikely to hurt rates much

NZ yields follow US down; eyes on RBA today and GDT tonight but another weak result unlikely to hurt rates much

NZD was caught in the crossfire of a hard commodity sell-off, but local data very positive; Swiss reject gold handily; USD ascendant

NZD was caught in the crossfire of a hard commodity sell-off, but local data very positive; Swiss reject gold handily; USD ascendant

NZ inflation moderating on lower oil prices, UST 10yr yields fall, eyes on Wheeler comments on inflation targeting

NZ inflation moderating on lower oil prices, UST 10yr yields fall, eyes on Wheeler comments on inflation targeting

Growing speculation ECB will eventually be forced to purchase sovereign bonds; German inflation slides meaning eurozone inflation could be close to 0%

Growing speculation ECB will eventually be forced to purchase sovereign bonds; German inflation slides meaning eurozone inflation could be close to 0%

Details of NZ deficit constructive and exports better-than-expected; RBNZ sold small amount of NZD but don't jump to conclusions around NZD being at fair value; OPEC agrees to keep oil production target unchanged

Details of NZ deficit constructive and exports better-than-expected; RBNZ sold small amount of NZD but don't jump to conclusions around NZD being at fair value; OPEC agrees to keep oil production target unchanged

NZD makes gains against the AUD as markets bet RBA will cut rates; eyes now on NZ trade balance which might be larger than expected

NZD makes gains against the AUD as markets bet RBA will cut rates; eyes now on NZ trade balance which might be larger than expected

Mixed data out of the US sees the slump in US yields extended, the NZ 2-10 curve back at 50 bps on local flattening

Mixed data out of the US sees the slump in US yields extended, the NZ 2-10 curve back at 50 bps on local flattening

Global risk appetite 'healthy', EUR and JPY strengthen, AU building activity probably declined

Global risk appetite 'healthy', EUR and JPY strengthen, AU building activity probably declined

Boost from surprise US Q3 strength not sustained as latest consumer confidence reading underwhelms

Boost from surprise US Q3 strength not sustained as latest consumer confidence reading underwhelms

ECB tones back the urgency rhetoric, European currencies stronger, eyes on NZ Q4 inflation expectations

ECB tones back the urgency rhetoric, European currencies stronger, eyes on NZ Q4 inflation expectations

German business confidence shows surprising gain, US services confidence high but sagging, NZ swaps basically unchanged

German business confidence shows surprising gain, US services confidence high but sagging, NZ swaps basically unchanged

Stimulus promise and rate cuts in Europe and China shift the NZD higher; today eyes are on the latest migration data

Stimulus promise and rate cuts in Europe and China shift the NZD higher; today eyes are on the latest migration data

NZ borrowers can expect low short end swaps until well into 2015; Draghi wants to raise inflation expectations 'as fast as possible'

NZ borrowers can expect low short end swaps until well into 2015; Draghi wants to raise inflation expectations 'as fast as possible'

US treasury yields flicking up and down on data; Federal Reserve acknowledges downside risks to global growth and substantial improvement to domestic US labour market

US treasury yields flicking up and down on data; Federal Reserve acknowledges downside risks to global growth and substantial improvement to domestic US labour market

China's economic growth balanced on a knife edge; Eurozone PMI data a blow to hopes of a recovery into year-end; conflicting US data sees USD spike, slump, then recover

China's economic growth balanced on a knife edge; Eurozone PMI data a blow to hopes of a recovery into year-end; conflicting US data sees USD spike, slump, then recover

AUD 'worst' performing currency overnight, dragging Kiwi with it; eyes on Fed minutes, NZ PPI

AUD 'worst' performing currency overnight, dragging Kiwi with it; eyes on Fed minutes, NZ PPI

NZ swap curve steepens; Fitch raises LGFA ratings outlook, markets await Fed minutes

NZ swap curve steepens; Fitch raises LGFA ratings outlook, markets await Fed minutes

Dairy auction results halt the NZD's upward track; USD weaker, euro stronger, yen likes snap election call, Aussies expect further falls

Dairy auction results halt the NZD's upward track; USD weaker, euro stronger, yen likes snap election call, Aussies expect further falls