OUTLOOK CURRENCY: The NZ trade balance this morning and Bank of Japan meeting will impact general NZD sentiment with US Q1 GDP driving activity overnight. Markets expect a strong 3% growth for Q1. NZD should remain strong.
OUTLOOK CURRENCY: We expect no lasting currency impact from today’s RBNZ OCR Review and it seems unlikely AUD CPI will surprise. German IFO weakness looks priced. RATES: NZ rates are expected to open broadly unchanged. REVIEW
OUTLOOK CURRENCY: Politics will drive currencies with G20 Finance Ministers and EU officials speaking in Washington. Italy has the presidential ballot process. If the recent better run continues, ANZ Consumer Confidence could provide support for NZD in a weaker day.
OUTLOOK CURRENCY: Chinese Q1 GDP and monthly data is likely to drive the market today. With concerns being raised over global growth, weakness will prompt the biggest reaction. RATES: Expect NZ rates to open lower in line with global moves. REVIEW
OUTLOOK CURRENCY: A quieter day, with NZ non-resident bond holdings for March interesting but unlikely to be market moving. Singapore Q1 GDP and MAS monetary policy meeting may provide some interest for currency markets. Overnight JP Morgan and Wells Fargo Q1 earnings will be watched.
OUTLOOK CURRENCY: NZ Q1 QSBO is likely to be upbeat this morning (10am) especially when compared to the (expected to be) more muted NAB business conditions from Australia. German current account and trade balances should be strong confirming northern Europe’s strength.
OUTLOOK CURRENCY: NZD should remain elevated but stable as we enter a quieter week on the global data front. Familiar ranges should dominate in NZD. However, JPY should continue to weaken, and EUR may break ranges.
OUTLOOK CURRENCY: US payrolls tonight could move markets, but the impact of the BOJ is likely to continue to reverberate through currency markets. RATES: NZ interest rates will open lower today, especially the bonds. REVIEW
NZD The NZD has been the strongest performer of its peers over the past 24-hours. It sits at 0.8420 currently.
OUTLOOK CURRENCY: The performance of the larger parts of the Chinese and US economies is the focus with non-manufacturing PMI/ISM out. We expect these to show sustained growth in those economies keeping NZD supported.
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