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BNZ Daily Markets Wrap and Strategy

NZD NZD/USD broke above 0.74 earlier this morning, but has since cooled its heels. It sits 0.8% higher at 0.7370 on a broader USD sell-off as well as a bumper dairy auction (in that order of importance).

BNZ Daily Markets Wrap and Strategy

NZD NZD finished Friday very little changed from where it opened, sitting mid-pack amongst winners and losers against the USD. NZD/USD closed 0.1% lower at 0.7260.

BNZ Daily Markets Wrap and Strategy

NZD NZD/USD looks positively sick this morning, at 0.7240. While not at the bottom of the Bloomberg daily currency rankings (which are taken from NY close to NY close), it is a cool 3.0% lower that when we published yesterday’s edition of this note.

BNZ Daily Markets Wrap and Strategy

NZD The NZD trails at the low end of the G10 leader-board against the USD, currently 0.5% lower at 0.7420. Earlier this morning, NZD/USD flirted with the 0.7400 level.

NZ Morning Focus

HIGHLIGHTS - Reverberations following the announcement of the ECB's quantitative easing programme continued, with sovereign bond yields falling sharply and EUR/USD plunging to new lows on Friday.

BNZ Daily Markets Wrap and Strategy

NZD The NZD dropped along with its G10 peers against the USD on Friday, closing 0.7% lower at 0.7450. In particular, NZD fell in sympathy with a much sharper drop in the AUD.

NZ Morning Focus

HIGHLIGHTS - The ECB announced combined asset purchases of EUR60bn per month until September 2016, but possibly longer if inflation continues to undershoot the ECB's slightly less than 2% target.

NZ Morning Focus

HIGHLIGHTS - Various reports and rumours over the potential size and composition of the ECB's QE programme drove a volatile session for EUR/USD. - The Bank of Canada surprises markets with a 25bp rate cut.

BNZ Daily Markets Wrap and Strategy

NZD The NZD/USD has been one of the weakest performing currencies over the past 24-hours. It trades around 0.7690 this morning.

NZ Morning Focus

HIGHLIGHTS - The euro remains under pressure ahead of this week's ECB meeting and continued downward pressure on EUR/CHF from last week's events.

BNZ Daily Markets Wrap and Strategy

NZD After dipping as low as 0.7750 at the end of last week, the NZD/USD clawed its way a little higher. From the start of the week it has traded a relatively tight range, sitting around 0.7780 currently.

NZ Morning Focus

HIGHLIGHTS - US consumer confidence surges to 11-year high, but CPI data slightly softer than expected. - FX dramas subside, but EUR/USD continues to slide ahead of the ECB meeting next week. - Oil prices bounce modestly after positive IEA comments.

BNZ Daily Markets Wrap and Strategy

NZD The NZD sits with familiar peers AUD and CAD at the bottom of the G10 leader board, all having fallen against the USD despite a general USD sell-off. NZD/USD is 0.2% softer at 0.7720.

NZ Morning Focus

HIGHLIGHTS - EUR/USD slid in response to ongoing oil price weakness (Brent -3%) and ECB executive council member Coeure’s statement that the ECB is in a position to make a decision (on QE) at the January 22 meeting.

NZ Morning Focus

HIGHLIGHTS - Improved risk appetite gives equity markets a boost. - Bonds give up gains on equity strength ahead of US non-farm payrolls. - USD remains ascendant, hitting a nine year high. OUTLOOK

BNZ Daily Markets Wrap and Strategy

NZD The NZD has been the strongest performer over the past 24-hours, gaining more than 1.4% against the USD. It trades at 0.7800 this morning.

BNZ daily markets wrap and strategy

NZD The NZD has traded a fairly tight range over the past 24-hours to sit at 0.7710 currently.

BNZ Daily Markets Wrap and Strategy

NZD The NZD has strengthened along with all of its peers, relative to a weak USD overnight. The NZD/USD trades at 0.7720 this morning.

BNZ Daily Markets Wrap and Strategy

NZD The NZD has been the worst performer amongst its peers over the past 24-hours. It trades at 0.7660 at present.

BNZ Daily Markets Wrap and Strategy

NZD The NZD weakened against the USD, along with all of its peers on Friday night. It ended the week around 0.7710.

BNZ Daily Markets Wrap and Strategy

NZD NZD is off its overnight highs, but remains 0.2% higher for the day against the USD at 0.7780.

NZ Morning Focus

HIGHLIGHTS - ECB takes another step closer to bringing out the full bazooka. - AUD remains under pressure; some forecasters call for an RBA rate cut in Q1 2015. NZD/AUD knocking on the door of 0.93.

BNZ Daily Markets Wrap and Strategy

NZD The NZD remains under pressure, though not thanks to any fresh news. NZD/USD is 0.7% weaker this morning at 0.7760.

BNZ Daily Markets Wrap and Strategy

NZD The NZD has been one of the worst performers against a broadly stronger USD overnight. The NZD/USD trades at 0.7790 this morning.

BNZ Daily Markets Wrap and Strategy

NZD The NZD is one of the best performers overnight, but once again this was at the whim of global sentiment. NZD/USD is up 0.7% for the day at just below 0.7900.

BNZ Daily Markets Wrap and Strategy

NZD The NZD was caught in the crossfire of a hard commodity sell-off on Friday, and closed 0.3% lower against the USD at 0.7840.

BNZ Daily Markets Wrap and Strategy

NZD The NZD/USD is unchanged relative to its level yesterday morning (0.7870), having eased off overnight peaks amidst a broader (but mild) USD rally.

NZ Morning Focus

HIGHLIGHTS - OPEC's decision to maintain its aggregate production quota at 30m bpd pushed WTI crude below USD70/bbl for the first time since June 2010 and weighs heavily on commodity currencies. - Aggregate euro area inflation looks to have weakened further.

BNZ Daily Markets Wrap and Strategy

NZD The NZD/USD has pushed up to trade around 0.7880 this morning, in the backdrop of a broadly weaker USD.

NZ Morning Focus

HIGHLIGHTS - AUD/USD falls to four-year low on weak iron ore prices and comments from RBA Deputy Governor Lowe, dragging NZD/USD down in sympathy. - Revisions to US Q3 GDP surprise to the upside, but more concurrent confidence indicators record solid declines.

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