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Currency

ANZ NZ Morning Brief

OUTLOOK CURRENCY: Current ranges look set to persist, but Chinese trade data could provide volatility in Asian session with German Industrial Production and US non-farm payrolls potential catalysts for overnight.

BNZ Daily Markets Wrap and Strategy

NZD NZD (along with AUD and NOK) are showing the most resilience to US dollar strength but is still lower on the night. The retreat from 0.8350 seems to have defined the immediate range for the NZD.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: Australian GDP will be a driver of markets today with ANZ having an on-consensus 0.6% pick. Overnight though markets may watch the Bank of Canada decision closely ahead of the BOJ, BOE and ECB tomorrow. RATES: Expect NZ yields to be slightly higher on the open.

BNZ Daily Markets Wrap and Strategy

NZD The NZD fell victim to rising global risk aversion and speculative selling last week. Around 1½ cents was wiped off the NZD/USD, while the NZD/AUD slipped from 0.8160 to around 0.8080.

ANZ NZ Morning Brief

OUTLOOK

BNZ Daily Markets Wrap and Strategy

NZD

BNZ Daily Markets Wrap and Strategy

NZD

ANZ NZ Morning Brief

OUTLOOK

ANZ NZ Morning Brief

OUTLOOK CURRENCY: We expect NZD to trade in-line with global moves as markets understand the context of "stands ready to intervene". These global moves will be driven by expected improvements in flash PMIs from Europe and US.

BNZ Daily Markets Wrap and Strategy

NZD The NZD/USD traded a choppy path over the past 24-hours, but sits higher this morning at 0.8480.

BNZ Daily Markets Wrap and Strategy

NZD The NZD/USD has traded fairly quietly over the past 24-hours to sit around 0.8450 currently.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: Minutes from the RBA and BOJ are the focal points of the Asian session. Overnight German ZEW sentiment, US NAHB housing and Canadian Wholesale sales will drive currencies. Overall currency trends look set to continue.

NZAEL releases revised economic values

Revised economic values from the National Breeding Objective (NBO) review of dairy cattle were released by DairyNZ subsidiary NZ Animal Evaluation Limited (NZAEL) today.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: The US Presidents’ Day holiday is likely to keep ranges quiet today. The NZ Performance of Services Index may follow the PMI lead higher; however, the direction of offshore sentiment should override any local data.

BNZ Daily Markets Wrap and Strategy

NZD Yesterday’s onslaught of positive NZ data refuelled the NZD juggernaut. The NZD/USD flirted with 0.8500 overnight and the TWI climbed to a fresh 5½ year high. At 77.00, the TWI is now within spitting distance of 2007’s 77.20 post float high.

ANZ NZ Morning Brief

OUTLOOK

BNZ Daily Markets Wrap and Strategy

NZD The NZD was side-lined overnight. With all the attention on GBP and JPY, the NZD/USD did the sideways shuffle inside a narrow 0.8400-0.8430 range.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: The BOJ today is not expected to unveil new policy. However, any policy change would be yen weakening. Q4 GDP from Europe and Japan are unlikely to boost global optimism, but shouldn’t change currency trends.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: Global optimism is likely to continue today but breaks higher require an event that looks unlikely today. RATES: No trades were reported overnight in very quiet trading conditions. NZ rates are likely to open up unchanged. REVIEW

Government Statistician moves to Reserve Bank

Government Statistician and Statistics New Zealand chief executive Geoff Bascand has resigned to take up a position at the Reserve Bank of New Zealand. Mr Bascand will finish at Statistics NZ on 24 May and will be the Reserve Bank’s new Deputy Governor and Head of Operations.

BNZ Daily Markets Wrap and Strategy

NZD After sliding lower for most of yesterday, the NZD/USD bounced back up to 0.8370 overnight.

BNZ Daily Markets Wrap and Strategy

NZD After shedding almost a cent on Thursday, the NZD/USD regathered its poise on Friday night. Heartening US and Chinese trade data buoyed global growth sentiment, helping to lift the NZD/USD back up to around 0.8350.

BNZ Daily Markets Wrap and Strategy

NZD Despite a pull-back in global risk sentiment overnight, the NZD/USD paddled a very consistent path sideways. It currently trades at 0.8450.

BNZ Daily Markets Wrap and Strategy

NZD The NZD/USD rose to within a whisker of fresh 1½ year highs on Friday night, as optimism about the US recovery further juiced up risk appetite (see Majors).

BNZ Daily Markets Wrap and Strategy

NZD It’s been onwards and upwards for the NZD over the past 24 hours. The NZD/USD has just squeaked above 0.8400 - a full cent higher than this time yesterday.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: The FOMC and RBNZ may marginally add to NZD weakness, if we get dissenters in the FOMC and a currency mention by the RBNZ. Month end flows are expected to be USD negative, potentially tempering trends.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: Watching for a rebound in NZ building permits today, and to see if the RBNZ continues to "swim against the tide" smoothing NZD gains. Macro events to watch for are Q4 GDP from the US and Spain as well as EU consumer confidence.

BNZ Daily Markets Wrap and Strategy

NZD The NZD/USD showed fairly choppy trading on Friday, but ended the week just below 0.8370.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: NZD looks set to close the CPI gap back to 0.8360 as a quiet session ensues. Overnight British Q4 GDP will drive NZD/GBP and German IFO NZD/EUR, with negative expectations for GDP and positive for IFO.

BNZ Daily Markets Wrap and Strategy

NZD The NZD/USD consolidated just above the 0.8360 level over the past 24-hours.

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