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BNZ Daily Markets Wrap and Strategy

NZD The NZD has surged higher overnight, riding a wave of positive risk sentiment and benefitting from a positive AUD story (see Majors).

ANZ NZ Morning Brief

OUTLOOK CURRENCY: RBA Governor Stevens testifies to the House Economic Committee today and is likely to remain cautious on AUD prospects. Expectations for US payrolls are weak, so positive surprises are possible. RATES: Expect NZ rates to be biased higher following global moves.

BNZ Daily Markets Wrap and Strategy

NZD The NZD/USD made steady gains overnight, hand-in-hand with the AUD/USD, and sits 0.65% higher since yesterday morning at 0.8430.

Rangatira chief executive to retire

Wellington investment company Rangatira today announced that its chief executive, Ian Frame, has decided to retire at the end of June this year.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: Back to fundamental data with updates from global service sector PMIs today from China, UK, Europe and the US driving sentiment. China releasing its 2014 GDP target and Budget will set the tone for risk.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: We expect little market moving from the RBA today and expect Asia to focus on Ukraine. Overnight the US Senate Banking Committee hears from FOMC nominees, including Vice-Chair designate Stanley Fischer.

BNZ Daily Markets Wrap and Strategy

NZD The NZD was far and away the strongest performing major currency against the USD over Thursday, up 0.8% to 0.8380.

ANZ NZ Morning Brief

OUTLOOK

BNZ Daily Markets Wrap and Strategy

NZD The NZD is weaker this morning, following positive US data released overnight (see Majors).

ANZ NZ Morning Brief

OUTLOOK CURRENCY: January trade and migration data will drive NZD direction today, while Australia's Q4 CAPEX report is likely to convey a weaker outlook. Fed Chair Yellen testifies to the Senate Banking Committee tonight.

BNZ Daily Markets Wrap and Strategy

NZD The NZD/USD was one of the top performing major currencies overnight, up 0.6% to around 0.8340.

BNZ Daily Markets Wrap and Strategy

NZD The NZD is essentially unchanged from Friday morning around 0.8280.

BNZ Daily Markets Wrap and Strategy

NZD

BNZ Daily Markets Wrap and Strategy

NZD The NZD begins this morning unchanged from where it was 24-hours ago, just above the 0.8300 level.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: Real activity will be the focus today, with NZ ANZ consumer confidence, China’s flash manufacturing PMI, European advance PMIs, and US preliminary PMI and Philadelphia Fed.

BNZ Daily Markets Wrap and Strategy

NZD The NZD was the weakest performing currency over the past 24-hours, down 0.7% against the USD.

BNZ Daily Markets Wrap and Strategy

NZD The NZD/USD is effectively unchanged from its closing level on Friday of 0.8360, after drifting lower through the overnight session.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: The release of Q4 retail sales this morning should show the NZ expansion is broader based, providing continued domestic support for NZD.

BNZ Daily Markets Wrap and Strategy

NZD The NZD/USD rose modestly early on Friday evening holding onto the gains overnight. It opens this week around 0.8380. There was little in the way of domestic news flow on Friday, but the NZD/USD rose in the face of broad USD weakness through the evening.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: China is the Asian focus today with CPI, PPI and new yuan loans expected. Overnight Q4 GDP from Europe and US industrial production and Michigan confidence will set the tone. Expect NZD to remain broadly strong.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: Australian employment will be the key focus today, with ANZ expecting a stable unemployment rate (market consensus +0.1ppt to 5.9%). Central banks in Sweden and Norway may attract attention tonight.

BNZ Daily Markets Wrap and Strategy

NZD The NZD sits around 0.8320 this morning, having traded as high as 0.8360 overnight.

BNZ Daily Markets Wrap and Strategy

NZD As risk appetite continues to recover in global markets the NZD/USD has crept higher. It sits at 0.8340 this morning.

BNZ Daily Markets Wrap and Strategy

NZD In a quiet night the NZD/USD has traded sideways above 0.8260.

BNZ Daily Markets Wrap and Strategy

NZD The NZD/USD has benefitted from a general improvement in risk appetite, and more specifically from a soft USD on Friday night. It ended the week close to 0.8300.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: US payrolls data will be the key driver tonight. ANZ expects a relatively strong print which would cap NZD strength in the short term. AUD should find support from today’s RBA Statement of Monetary Policy.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: New Zealand trade balance may arrest the kiwi’s decline today with expectations for a $500mn surplus in December. Governor Wheeler is also expected to reiterate that rates are about to increase in a speech at 1pm NZT.

Record-setting month for international travel

Annual international passenger numbers exceeded 10 million for the first time ever in the December 2013 year, Statistics New Zealand said today. This total consisted of 5 million arrivals and 5 million departures.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: Assuming the FOMC stays the course and tapers, then EM concerns are likely to remain the offshore driver. ANZ expects the RBNZ to lift the OCR today, but an on-hold decision should not have a lasting impact.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: The USD will be a driver with a reasonable data expected tonight. Q4 Advance GDP from the UK could support GBP, while Australian business confidence will need to be strong to impact NZD/AUD.

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