NZD_New Zealand_RBNZ_2106

RBNZ In Focus With NZDUSD having recently risen to 5-month highs, tomorrow’s RBNZ meeting will be closely watched. The bank displayed a largely dovish tone last time around at the May meeting which took markets a little by surprise, given the recent jump in Q1 inflation. However, the bank opted to class the rise in CPI as mostly temporary and p...

2017-07-26 James Harte Read more
NZD_Inflation_New Zealand

Stronger Than Expected NZ 3Q Inflation The release of 3Q Inflation data for New Zealand surprised markets last night with a stronger than expected print of 0.2% QoQ vs. 0% expected. Rate cut expectations continued to build ahead of the meeting with rates markets pricing around an 85% chance of the RBNZ easing at their next meeting. Reduced pet...

2016-10-18 James Harte Read more
RBNZ_ New Zealand

RBNZ's McDermott Points To Further Easing Overnight RBNZ Assistant Governor McDermott reiterated the bank’s previous comments that further easing will likely be required. Consequently, NZD rates market is now pricing a roughly 80% chance of a 25bp reduction at the upcoming November 10th meeting.  McDermott also pointed to the upcoming Q3 inflat...

2016-10-11 James Harte Read more
RBNZ_Kiwi

The Reserve Bank of New Zealand will be meeting this week, on August 10 at 2100 GMT for its monetary policy review. At the meeting, the RBNZ is expected to lower the OCR by 25bps, bringing the official cash rate to 2.00%, from 2.25%. The RBNZ held the OCR steady for nearly four months. The central bank cut rates by 25bps back in March this year....

2016-08-09 John Benjamin Read more
Daily Forex Summary - 1 April

The Forex daily summary for 1 April features the following key notes: Australia building approvals m/m -3.2% vs. -4%; y/y 14.3% vs. 10.7% China manufacturing PMI 50.1 vs. 49.7; non-manufacturing PMI 53.7 vs. 53.9 previously China HSBC manufacturing PMI 49.6 vs. 49.3 Spain manufacturing PMI 54.3 vs. 54.8 Switzerland manufacturing PMI ...

2015-04-01 Orbex Read more