Recommended.co.nz | Guide2.co.nz | Voxy.co.nz | Gimme.co.nz
Homepage | login or create an account

Sign up for our weekly personal finance newsletter

Currency

ANZ NZ Morning Brief

OUTLOOK

BNZ Daily Markets Wrap and Strategy

NZD The NZD/USD sits at a very similar level to yesterday morning, just below 0.8550 currently.

ANZ NZ Morning Brief

OUTLOOK

ANZ NZ Morning Brief

OUTLOOK CURRENCY: Expect another quiet range bound day for NZD, with little data to drive markets in the next 24 hours. RATES: With the London market closed overnight and little movement in Australian bond futures, local rates are expected to open unchanged. REVIEW

BNZ Daily Markets Wrap and Strategy

NZD The NZD/USD is just 10 points away from its opening level yesterday morning, effectively unchanged at 0.8550. Price action against the crosses was similarly lacklustre. The US and the UK were on holiday, and markets simply took it easy. The NZD was no exception.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: The EUR will likely remain under pressure after the far right make solid gains in the European elections. The US is out for Memorial Day and the UK out for May Day, so trading should be light.

BNZ Daily Markets Wrap and Strategy

NZD The NZD/USD sits at a similar level this morning, around 0.8560.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: We expect relative stability in currency markets today. NZD should continue to find demand on dips below 0.8550, and we would expect EUR to remain under pressure after German IFO confidence.

BNZ Daily Markets Wrap and Strategy

NZD The NZD has been amongst the weakest performing currencies over the past 24-hours, sitting at 0.8560 this morning.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: Global manufacturing activity updates from China, Europe, and the US will be the main catalyst for direction, with NZ Job Ads, Consumer Confidence and 2yr inflation expectations likely to maintain NZD support.

Kiwi strength poses problems for RBNZ

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

BNZ Daily Markets Wrap and Strategy

NZD The NZD modestly underperformed on Friday night, to end the week at 0.8630.

BNZ Daily Markets Wrap and Strategy

NZD The NZD was the strongest performing major currency overnight, gaining 0.4% against the USD to 0.8670.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: The NZ Budget should highlight the strong domestic story for NZD, while US CPI, Regional Fed surveys and price action in the US bond market will drive USD.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: The RBNZ FSR and associated press conferences are expected to reiterate that the strength of the currency is an issue for NZ. Offshore the UK employment and inflation reports will be vital for GBP.

Kiwi suffers on uncertainty over future OCR increases

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

BNZ Daily Markets Wrap and Strategy

NZD The NZD lost ground amidst a backdrop of USD strength on Friday, with NZD/USD weakening by 0.4% to 0.8610. The picture was decidedly more mixed on the crosses, however, with slight gains seen against the EUR and the GBP.

BNZ Daily Markets Wrap and Strategy

NZD The NZD traded a relatively tight range over the past 24-hours, to sit at 0.8640 this morning.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: Markets will watch RBNZ Deputy Governor Spencer’s housing speech closely, and we would expect NZD to remain capped. The AUD could gain further support from the RBA SoMP, with the RBA’s view on employment key.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: Australian employment data will give direction to the NZD/AUD which remains mid-range. The ECB will be the main focus for global markets, with forward guidance on quantitative easing plans a key EUR driver. RATES: Kiwi rates are expected to open unchanged.

BNZ Daily Markets Wrap and Strategy

NZD The NZD has rocketed higher on the back of broad-based USD weakness. Its appeal as a carry-trade target currency has it sitting atop the G10 currency leaderboard against the USD. It is up 0.9% to 0.8750, a fresh 2.5-year high.

BNZ Daily Markets Wrap and Strategy

NZD The NZD/USD was the strongest performing major currency on Friday, which is a bizarre result after a strong US jobs report.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: Markets will likely continue post-Payrolls moves, supporting NZD. The focus this week is mostly on Australasia with NZ, AU, and Chinese data overshadowed only by the ECB, where policy action is being debated.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: Markets are likely to continue in a quiet range ahead of the payrolls release tonight. Expectations are for a strong release with any disappointment allowing NZD to test range highs. RATES: Expect NZ interest rates to open unchanged to lower following US moves.

ANZ NZ Morning Brief

OUTLOOK CURRENCY: The US April ISM survey keeps attention on USD. Indicators suggest this will increase as forecast. Manufacturing PMIs from China and the UK should also show growth, but NZD should remain in demand.

BNZ Daily Markets Wrap and Strategy

NZD The NZD/USD pushed higher in the early hours of this morning, in the backdrop of a weak USD. It sits at 0.8620 this morning.

Kiwi eyes 0.8500 as pullback continues

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

ANZ NZ Morning Brief

OUTLOOK CURRENCY: The RBNZ is not expected to move markets this morning. Our expectation is for a succinct statement, and a reiteration that NZD strength is not sustainable in the long run. RATES: Expect Kiwi rates to open 1-2 basis points lower across the curve. REVIEW

ANZ NZ Morning Brief

OUTLOOK CURRENCY: Global PMIs are expected to show a benign environment conducive to a continued drift into "carry trades". The AUD could be the outperformer if ANZ’s above consensus CPI expectation eventuates.

BNZ Daily Markets Wrap and Strategy

NZD The NZD is 0.3% weaker against the USD this morning, sitting at 0.8630.

Syndicate content

About guide2.co.nz : money

Find the latest money news and 'how to' guides on Guide2Money.

Ask our researchers your personal finance questions.

Your Questions. Independent Answers.

---
Australian 'how to' guides and recommendations