nzd rallies

June CPI in New Zealand was a mixed bag, with both the quarter on quarter reading and year on year reading printing below expectations at 0.4% vs 05% expected and 1.5% vs 1.6% expected, respectively. While the figures are still low, inflation is showing positive trajectory with the annual figure having increased from 1.1% over the prior reading ...

2018-07-17 James Harte Read more
RBNZ leaves OCR unchanged

Summary: RBNZ leaves OCR unchanged at 1.75% at the monetary policy meeting in May Interest rates left unchanged for the nineteenth consecutive month RBNZ gives fresh economic forecasts. Downgrades GDP and inflation RBNZ pursues dual mandate of employment and price stability The Reserve Bank of New Zealand held its monetary polic...

2018-05-16 John Benjamin Read more
New Zealand unemployment rate fell to a nine-year low

The first quarter unemployment data was released by Statistics New Zealand last week. According to official data, the New Zealand unemployment rate fell to a nine-year low in the first three months of the year ending March 2018. The positive data added to the view that maybe New Zealand's sluggish labor market was eventually picking up. The u...

2018-05-09 John Benjamin Read more
RBNZ OCR held at 1.75%

The Reserve Bank of New Zealand's monetary policy meeting was largely a non-event as it was partly overshadowed by the Fed's announcement to hike interest rates. The central bank meeting which followed a few hours after the Fed meeting last Wednesday saw the RBNZ OCR held at 1.75% in March. The central bank kept rates steady at 1.75% since Se...

2018-04-10 John Benjamin Read more
NZD_Inflation_New Zealand

New Zealand Dollar Under Pressure The New Zealand Dollar continues to trade on a weak footing and has now moved to its lowest level since May as a combination of factors continue to exert downward pressure. The domestic economy is still experiencing patchy momentum as late-cycle challenges are appearing; indicators are showing a declining contr...

2017-10-22 James Harte Read more
New Zealand_AUDNZD

Business As Usual For RBNZ At their upcoming September meeting this week, the RBNZ is widely expected to leave policy unchanged. Among the data since the last meeting there have been some positive surprises but most likely not enough to justify a shift in monetary policy as political uncertainty cast a cloud over the outlook. It will take quit...

2017-10-22 James Harte Read more
RBNX_Wheeler_Interest rate

The New Zealand Dollar fell overnight in response to comments made by RBNZ governor Wheeler who said that “A lower New Zealand dollar is needed to increase tradables inflation and help deliver more balanced growth.”  The RBNZ governor also said that the RBNZ is concerned about keeping inflation on course to hit the top end of the bank’s 1% - 3% ...

2017-08-30 James Harte Read more
New Zealand_AUDNZD

The Reserve Bank of New Zealand decision will be released in few hours, while the economic activities have weakened further compared with the data that was available for the bank during the previous decision. At 09:00 GMT+, eyes will be on the Official Cash Rate, Followed by the Rate Statement and the Monetary Policy Statement, while the Press ...

2017-08-09 Nour Eldeen Al-Hammoury Read more

The New Zealand Dollar has moved into the spotlight over recent weeks in light of explosive gains against the US Dollar, but has since suffered a retracement lower, leaving traders wondering – Where is price headed next? Six Years Without Recession The gains are of little surprise considering the positive momentum of the New Zealand economy ...

2017-08-09 James Harte Read more
RBA

A few weeks ago, we took a detailed look from a technical point of view at the two interesting pairs. We speculated the possible scenarios, based on the previous reactions and the potential catalysts, which could lead to the next move. Are Australia’s & New Zealand’s central banks intervening in FX market? The Aussie and the Kiwi did it on...

2017-07-26 Nour Eldeen Al-Hammoury Read more