New Zealand Economy

USDJPY tries to recover The Japanese yen lost steam after the CPI reading in October fell short of expectations. A slide below the daily support of 149.00 has led some short-term buyers to exit their positions. The pullback so far has…
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Generally, Australia and New Zealand's currencies move almost in lock-step. This is thanks to the large amount of trade between them and their general similarity. But so far this month, their currencies have diverged by almost 2%. That's…
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Next month's policy meeting of the RBNZ is going to be pivotal because we can expect a policy change announcement. In the world of central banks, that means that in tomorrow's meeting, the bank is likely to hint at what the announcement…
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The second half of the week has a couple of potential surprises. While it's true that all central banks are charting new territory, that's especially the case for the RBNZ and Banxico... But for widely different reasons. Given the…
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Last Week’s Highlights Eurozone Economy Contracts Less than Forecast in Q2 The revised Q2 GDP data from the eurozone had some good news. Economic activity fell at a slower pace than initially reported. The Eurozone's GDP fell at a pace…
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New Zealand to Hold Fast With the COVID outbreak largely controlled domestically, New Zealand is basically holding the line while the rest of the world gets the virus under control. This poses a problem, as an important part of the…
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New Zealand PM Jacinda Ardern has received near-universal praise for how her government has handled the COVID outbreak. Now we're expecting to get some comparable figures to see the real impact on the economy. Both the RBNZ and BOC…
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Last Week’s Highlights China’s Consumer Prices Rise at a Steady Pace The latest data from China showed a steady increase in consumer prices to 2.5% on the year in June. This was up from 2.4% in the previous month. On a month over month…
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NZDUSD has been shedding some of its recent gains over the last couple of weeks as risk sentiment has cooled off. This mostly has to do with external factors. While news from New Zealand has been positive on the COVID front, the rise in…
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Retail sales figures are key for tracking people returning to shopping following COVID-19. With most of the world moving towards reopening, we would expect retail sales to increase substantially if we are to have a U-shaped recovery.…
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