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Currency

ANZ NZ Morning Brief

OUTLOOK CURRENCY: Global activity indicators will be the clear driver of currencies today. Updates from China, Europe and the US should, if forecasts are met, lead to EUR and USD buying interest.

BNZ Daily Markets Wrap and Strategy

NZD The NZD ended the week around 0.8540, a little below its Friday intra-night highs.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: NZ data today shouldn’t change the strong domestic story for NZ, which will keep NZD supported. Globally it is fairly quiet on the data front and a consolidation into the end of the week looks likely.

BNZ Daily Markets Wrap and Strategy

NZD The NZD was little changed ahead of the FOMC meeting this morning, but has dropped sharply following that release.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: NZ Q4 current account shouldn’t change the picture of domestic strength, while global markets await tomorrow’s FOMC meeting. The UK Budget and employment report will also be a currency market focus.

BNZ Daily Markets Wrap and Strategy

NZD The NZD has been the main beneficiary from a risk rally stemming from Russia’s indication that it does not intend on claiming further territory in Ukraine (see Majors).

Headwinds remain for the NZ dollar

By Garry Dean (Sales Trader, CMC Markets New Zealand)

BNZ Daily Markets Wrap and Strategy

NZD The NZD was a touch softer on Friday, as muted risk sentiment pervaded. The NZD/USD ended the week at 0.8530.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: The markets will remain uncertain as they digest the diplomatic response to the Crimean referendum result to join Russia. We also have to watch for RMB weakness spilling over, as China widens the trading band.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: There is little new fundamental data today. NZ Business PMI shouldn’t impact NZD this morning with Chinese and Ukraine sentiment expected to dominate the session, implying further NZD gains will be difficult.

ANZ NZ Morning Brief

OUTLOOK

BNZ Daily Markets Wrap and Strategy

NZD The NZD/USD sits above 0.8480 this morning as the market awaits the RBNZ’s meeting today. In the absence of key data releases over the past 24-hours the NZD has traded a path between 0.8440 and 0.8490, sitting toward the upper end of this range at present.

BNZ Daily Markets Wrap and Strategy

NZD The NZD has maintained a fairly tight range over the past 24-hours, sitting just below 0.8470 currently.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: NZ data (REINZ, card spending and ANZ Truckometer) should not impact NZD today, but Australian Business confidence and conditions should arrest the climb in NZD/AUD, also keep an eye on the BOJ and PBOC.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: There is little to directly impact the currency today and the Asian session should be dominated by weaker Chinese data and evidence of some escalation in Ukraine. RATES: Expect NZ rates to be biased higher following global moves. REVIEW

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.

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