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bnzeconomists

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14 years 7 months

Latest articles

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
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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
NZD up to 0.7220 USD and 0.9410 AUD; Mixed data saw USD move a touch lower, DXY down 0.1%; NZ Terms of Trade, China PMI, AU GDP and Trump's address key focus for the day
1st Mar 17, 8:25am
NZD up to 0.7220 USD and 0.9410 AUD; Mixed data saw USD move a touch lower, DXY down 0.1%; NZ Terms of Trade, China PMI, AU GDP and Trump's address key focus for the day
NZD opens at about 0.7200 USD and 0.9380 AUD, focus on trade balance and ANZ business survey; USD faced some selling pressure overnight on slightly disappointing data
28th Feb 17, 8:33am
NZD opens at about 0.7200 USD and 0.9380 AUD, focus on trade balance and ANZ business survey; USD faced some selling pressure overnight on slightly disappointing data
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
GBP weaker as Brexit headlines gain attention; devil in the detail with Balance of Payments data; another weak dairy auction, contrary to analyst expectations
16th Mar 16, 8:19am
GBP weaker as Brexit headlines gain attention; devil in the detail with Balance of Payments data; another weak dairy auction, contrary to analyst expectations
Market expectations for ECB and BoJ to ease monetary policy further helping oil price rebound; highest correlation between oil and equity prices in 26 years; safe haven currencies top performers overnight
26th Jan 16, 8:20am
Market expectations for ECB and BoJ to ease monetary policy further helping oil price rebound; highest correlation between oil and equity prices in 26 years; safe haven currencies top performers overnight
Traders accept NZ swap rate 'collapse' was overdone, given the RBNZ's core inflation data had a 'mild lift'
26th Jan 16, 8:10am
Traders accept NZ swap rate 'collapse' was overdone, given the RBNZ's core inflation data had a 'mild lift'
ECB's Draghi says there are no limits to achieving price stability; oil price rebounds strongly from oversold territory; NZD up over 1% against USD & 1.8% against Yen
22nd Jan 16, 8:13am
ECB's Draghi says there are no limits to achieving price stability; oil price rebounds strongly from oversold territory; NZD up over 1% against USD & 1.8% against Yen
Eyes now on RBNZ's Thursday OCR review tone. Will it hold its December line, or exhibit some nervousness?
22nd Jan 16, 8:11am
Eyes now on RBNZ's Thursday OCR review tone. Will it hold its December line, or exhibit some nervousness?
RBNZ interpretation of core inflation surprises, may push out initial rate cut expectations. Low US inflation changes market expectations of the next hike
21st Jan 16, 8:07am
RBNZ interpretation of core inflation surprises, may push out initial rate cut expectations. Low US inflation changes market expectations of the next hike
Excess supply main driver behind continued weakness in oil price; carnage across equity markets on open; AUD & NZD out of favour as market moves to risk off mode
21st Jan 16, 8:01am
Excess supply main driver behind continued weakness in oil price; carnage across equity markets on open; AUD & NZD out of favour as market moves to risk off mode
NZ swap market continues to see preference for receiving fixed rates; falls in oil price and sluggish global growth will mean central banks will undershoot inflation expectations
20th Jan 16, 8:23am
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NZ swap market continues to see preference for receiving fixed rates; falls in oil price and sluggish global growth will mean central banks will undershoot inflation expectations
China's GDP a smidge below forecasts but traders wanted excuse to sell assets; improved mood overnight has NZD, equities and commodities up; Fonterra auction better than expected
20th Jan 16, 8:14am
China's GDP a smidge below forecasts but traders wanted excuse to sell assets; improved mood overnight has NZD, equities and commodities up; Fonterra auction better than expected
Overseas investors keen receivers of NZ rates at a time when mortgage and local corporate paying flows are light
19th Jan 16, 8:34am
Overseas investors keen receivers of NZ rates at a time when mortgage and local corporate paying flows are light
PBoC imposing reserve-requirement ratios on yuan deposited onshore by overseas financial institutions; stronger Yuan fix boosts Asia-Pacific currencies; oil price stabilises after trading sub $28
19th Jan 16, 8:12am
PBoC imposing reserve-requirement ratios on yuan deposited onshore by overseas financial institutions; stronger Yuan fix boosts Asia-Pacific currencies; oil price stabilises after trading sub $28