Recommended.co.nz | Guide2.co.nz | Voxy.co.nz | Gimme.co.nz
Homepage | login or create an account

Currency

ANZ Commodity Price Index: NZD windfall

The ANZ Commodity Price Index dipped 0.3% m/m in October (+10% y/y). ANZ Senior Economist Phil Borkin said, "The fall was largely attributable to the dairy group, where all components fell. All other major groups lifted although there were differences at the subcomponent level."

Dollar strength returns

By Michael McCarthy (chief market strategist, CMC Markets)

NZ Morning Focus

HIGHLIGHTS - BoE surprised by keeping rates on hold, but most of the Committee expect easing at the4 August meeting. - RBNZ gets some currency follow through, but where to from here? OUTLOOK

NZ Morning Focus

HIGHLIGHTS - Nigel Farage, UKIP leader and prominent figurehead in the Brexit campaign, resigned as party leader. - Equities gave back some recent ground, but markets were quiet give the Independence Day holiday in the US. OUTLOOK

NZ Morning Focus

HIGHLIGHTS - The Brexit referendum result sparked severe market reactions, although some sharp moves moderated to a degree on Friday night.

NZ Morning Focus

HIGHLIGHTS - Financial market sentiment remained supported in the run-up to the Brexit vote. - Bookies put Brexit odds at about 25%; polls around 50%. - US home sales rose 1.8% m/m to the highest level in nine years. OUTLOOK

NZ Morning Focus

HIGHLIGHTS - Yellen did not stray too far from last week’s outlook, erring on the side of caution. - Brexit polls continue to suggest it is too close to call.

NZ Morning Focus

HIGHLIGHTS - Brexit fears continued to weigh heavily on market sentiment with the yield on the 10-yr bund falling to a new record low of -2.5 bps and the dollar strengthening (yen excepted).

NZ Morning Focus

HIGHLIGHTS - Yellen and the FOMC strike a more dovish tone; USD weakens. - Risk sentiment was stronger overnight, with equities higher before the Fed. The response to the Fed decision itself was fairly muted.

NZ Morning Focus

HIGHLIGHTS - The USD regained some ground ahead of next week’s crucial FOMC meeting, but the probability of a July rate hike remained stable at 18%

Credit Card Comparison TablesCompare Credit Cards - Independent interest rate and fees comparisons for New Zealand banks.