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Currency

ANZ NZ Morning Brief

OUTLOOK CURRENCY: New Zealand QV house prices are unlikely to impact NZD, but should highlight that house prices remain a factor for the RBNZ. EUR remains the offshore focus with German industrial production expected to keep pressure on EUR from a fundamental perspective.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: The US is out for Independence Day, and the rest of the world only has minor economic events. Markets should consolidate and digest the strength in US payrolls.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: Major offshore events in the form of US Payrolls and the ECB will drive currency markets today. NZD may remain resilient on the demand side due to offshore investment flows, but we remain a seller on rallies.

BNZ Daily Markets Wrap and Strategy

NZD The NZD/USD sits marginally lower, at 0.8770, this morning.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: NZD will be under pressure on cross due to dairy prices falls, with the ANZ Commodity Price Index a key release. US Fed Chair Yellen delivers an IMF lecture, and ADP/Factory orders will drive the USD leg of kiwi.

Domestic inflation pressures and dovish FED take Kiwi higher

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

BNZ Daily Markets Wrap and Strategy

NZD The NZD/USD sits a little lower, at 0.8750, this morning.

BNZ Daily Markets Wrap and Strategy

NZD The NZD sat atop the G10 leaderboard for the second day running, as bulls sought a break higher. The NZD/USD is 0.4% stronger at 0.8770.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: ANZ expects a smaller than consensus trade surplus for May to be announced today, but NZD should remain strong. German CPI will be important for EUR. Otherwise we expect currencies to consolidate.

BNZ Daily Markets Wrap and Strategy

NZD The NZD was the standout performer amongst the majors overnight, rising 0.7% against the USD, to 0.8730.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: NZD/USD is likely to remain range-bound in the near-term, with supply coming in over 0.87c. However, solid demand should keep any declines minimal. US releases remain the driver for currency tonight.

BNZ Daily Markets Wrap and Strategy

NZD The NZD slipped 0.2% against the USD on Friday, in what was an extremely quiet session for markets. NZD/USD closed just below 0.8700.

National selects Simeon Brown as Manurewa candidate

Simeon Brown Simeon Brown Simeon Brown The National Party has announced that Simeon Brown will be its candidate for the Manurewa electorate at the 2014 General Election. Mr Brown was selected at a meeting of local party members tonight.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: With little top tier data expected locally, we're eying offshore developments; though there is little on the data front in the Northern Hemisphere tonight meaning recent tight ranges look set to persist.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: All eyes are on tomorrow's FOMC decision. We think the Fed could surprise the market by being a little less dovish than expected. Such an outturn would give the USD a boost. Locally, this morning's Q1 balance of payments data is expected to be NZD supportive.

Yield attraction will continue to support the Kiwi

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

ANZ NZ Morning Brief

OUTLOOK CURRENCY: Tomorrow night's Fonterra auction will be the key risk event for the NZD over the coming 24 hours. For the AUD, watch for a mildly dovish slant in the minutes from the RBA's June policy meeting. CPI and housing activity data are in focus for the USD tonight.

BNZ Daily Markets Wrap and Strategy

NZD The NZD cooled off slightly on Friday, paring its post-RBNZ gains. The NZD/USD fell 0.3% to 0.8670. The dip lower was in line with the AUD and much of the emerging market set, likely a reflection of cautious risk sentiment given developments in Iraq (see Majors).

BNZ Daily Markets Wrap and Strategy

NZD The NZD/USD sits 1.6% higher than 24-hours ago, at 0.8680 this morning. It was the best performing currency by a large margin, after the RBNZ’s meeting yesterday.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: A quieter end to the week expected with the key data - the Chinese retail sales, industrial production, fixed asset investment - not due until later in the NZ session. RATES: Lower offshore rates should dampen any residual squeeze higher.

BNZ Daily Markets Wrap and Strategy

NZD The NZD/USD sits a little higher, at 0.8520, this morning.

BNZ Daily Markets Wrap and Strategy

NZD The NZD/USD sits only fractionally lower this morning, at 0.8490, having touched intra-night around 0.8530.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: A number of key Australian and New Zealand macro releases today may generate some action in the AUD and NZD. All eyes will be on the UK industrial production report to drive moves in sterling.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: With the Australian market out on holiday and little data to be released in the domestic and major offshore markets, action may be thin today beyond the opening reaction to the weekend's Chinese trade figures.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: Today's Work Put in Place survey could be the support NZD/USD needs after a further sharp fall in GDT dairy prices overnight. Australian GDP data is likely to have only a limited impact on AUD/USD given the data is largely historical in nature.

Break below 0.8500 'significant for Kiwi'

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

BNZ Daily Markets Wrap and Strategy

NZD The NZD continues to drift lower, with NZD/USD dipping its toes below the 0.8450 mark early this morning. Broader USD strength has the NZD 0.5% lower from yesterday.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: NZD/USD could remain capped with April building permits forecast to retrace the strong 8.3% m/m rise in March. Markets will watch US PCE data for signs the rise inflation is broadening - likely USD supportive. RATES: Expect Kiwi rates to open largely unchanged.

BNZ Daily Markets Wrap and Strategy

NZD The NZD/USD was the weakest performing currency over the past 24-hours. It sits at 0.8490 this morning.

ANZ NZ Morning Brief

OUTLOOK

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