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Currency

BNZ Daily Markets Wrap and Strategy

NZD

ANZ NZ Morning Brief

OUTLOOK CURRENCY: The focus today is on Japan with the Q2 GDP final read, current account, and a potential decision on a consumption tax. China also has CPI, PPI, and new loans. US consumer credit will be a driver overnight.

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BNZ Daily Markets Wrap and Strategy

NZD After marching higher yesterday, the NZD/USD has failed to retain its foot hold above 0.7900. It currently trades around 0.7890.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: The markets will focus on US payrolls tonight with expectations heightened for a good result. Any disappointment would see USD sold heavily. British data should continue to support GBP tonight.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: It’s central bank day with the BOJ, ECB, BOE and Sweden’s Riksbank all reporting. Whilst we expect no policy changes, we respect the bank’s abilities to influence currency direction.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: ANZ forecasts Australian Q2 GDP to lift slightly to 0.7% q/q, with solid domestic demand likely to underpin the AUD. Services PMIs from Europe and UK should remain strong, but EUR has been declining in the face of strength of late.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: An Australian focus to the Asian day today, with Q2 current account, retail sales and the RBA the drivers. Risks are for AUD weakness. Overnight the US ISM is expected to support USD keeping NZD/USD capped.

BNZ Daily Markets Wrap and Strategy

NZD After stuttering to a 0.7730 Friday close, Sunday’s upbeat Chinese PMI has pushed the NZD/USD back up to around 0.7765 at this morning’s FX markets open.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: We remain focused on Indonesia and India to see if recent measures calm markets. Overnight the Chicago PM and month end USD buy flows are expected to keep USD strong.

BNZ Daily Markets Wrap and Strategy

NZD ‘Back from the brink’ has been the story of the NZD over the past 24 hours. Support levels were tested, and held.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: The EM and Syrian situations remain drivers of currency markets. Indonesia has a special board meeting where policy to relieve stress is expected. NZ business confidence could add to the NZD picture today.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: EM currencies and Syria will continue to drive markets in classic illiquid August markets, which would imply further pressure on NZD. GBP may weaken today as BOE governor Carney re-emphasises forward guidance.

BNZ Daily Markets Wrap and Strategy

NZD The NZD was the strongest performer amongst its key peers over the past 24-hours, sitting at 0.7850 currently.

BNZ Daily Markets Wrap and Strategy

NZD The NZD bounced off intra-night lows on Friday night to end the week at 0.7800.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: We expect the NZD to find support in the 0.77’s. We remain watchful of EM contagion for risks to the downside. The employment details of the Richmond and Chicago PM surveys will be important for USD direction this week.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: We are expected a Friday of consolidation. Asia has little data, whilst second reads of UK and German Q2 GDP shouldn’t differ from the first reads. Jackson Hole headlines may provide some weekend reading.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: The focus for currency markets today will be global growth and US jobless claims. China, Europe and the US are forecast to post improving PMI’s and jobless claims a consolidation from last week’s 5 year low.

BNZ Daily Markets Wrap and Strategy

NZD The NZD sits a little lower, around 0.7880 this morning.

BNZ Daily Markets Wrap and Strategy

NZD The NZD has spent most of the offshore session licking its wounds following the beating it took at the hands of the RBNZ yesterday. After sliding ½ cent following the Governor’s speech, the NZD/USD consolidated in a 0.7950-0.8000 range overnight.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: The market will be waiting for the FOMC minutes. Should tapering not be mentioned US dollars could be sold. RATES: Few kiwi trades reported in London overnight. Kiwi yields are likely to open unchanged to slightly lower following global moves. REVIEW

BNZ Daily Markets Wrap and Strategy

NZD At around 0.8100, the NZD/USD opens the week threatening to break out of the 0.7690-0.8130 range that has contained it for the past three months.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: We have a very quiet week ahead of us with little in the way of data today to drive markets. Thus existing ranges and trends look entrenched.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: The focus should shift back to the USD, with tonight’s Empire manufacturing, Industrial Production, NAHB housing index and the Philadelphia Fed helping to shape USD direction.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: NZ Q2 retail sales today should continue the data trend supporting NZD. Overnight EUR and GBP will be the focus with Europe forecast to return to expansion and GBP BOE minutes and unemployment.

BNZ Daily Markets Wrap and Strategy

NZD Over the past 24-hours the NZD/USD has traded between 0.8000 and 0.8050, sitting at the lower-end of this range at present.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: A relatively quiet start to the week is expected with only Q2 GDP from Japan to drive markets today. Tomorrow, Australian business confidence and the pre-election fiscal update will help shape currency markets.

BNZ Daily Markets Wrap and Strategy

NZD The NZD continued to strengthen overnight, to sit around 0.7960 this morning.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: Australian employment report today should introduce some volatility to the market, but it is unlikely to change AUD and NZD currency trends.

BNZ Daily Markets Wrap and Strategy

NZD The NZD has recouped nearly all of its Monday morning losses over the past 24 hours. The NZD/USD and NZD/AUD are currently trading at 0.7810 and 0.8760, respectively - pretty close to where they were prior to the weekend’s "dirty pipe" news.

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