NZD/USD-Commentary

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October 14, 2024

NZD/USD flows: Economic data remain soft
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October 14, 2024 1:57 AM UTC

Credit card retail sales continue to contract
service PMI for September 45.7

October 09, 2024

NZD, EUR flows: NZD soft after RBNZ, EUR downside preferred
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October 9, 2024 6:57 AM UTC

NZD weaker after RBNZ rate cut as a further 50bp is seen in November. EUR/USD holding up for now but yield spreads suggest downside risks.

NZD/USD flows: RBNZ Cut As Expected
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October 9, 2024 1:30 AM UTC

RBNZ cuts cash rate by 50bp

August 29, 2024

NZD/USD flows: Strong business outlook
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August 29, 2024 5:08 AM UTC

ANZ business outlook for August 50.6 versus 27.1 prior

August 21, 2024

NZD/USD flows: Stronger USD, Weaker Regional Sentiment
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August 21, 2024 4:52 AM UTC

USD rebounds slightly after three red days in a row
Regional sentiment soft 

August 16, 2024

NZD/USD flows: Q2 PPI Higher
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August 16, 2024 4:36 AM UTC

RBNZ's Assistant Governor Silk says the Bank is taking a measured approach to rate cuts
Q2 PPI Beats

August 14, 2024

NZD/USD flows: RBNZ Cuts and Significant revise OCR path lower
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August 14, 2024 4:46 AM UTC

RBNZ cut its cash rate by 25bp to 5.25%

August 09, 2024

NZD/USD flows: Leading gains on a quiet Friday
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August 9, 2024 2:31 AM UTC

Market sentiment broadly positive

August 07, 2024

NZD/USD flows: Strong Data Pushes Kiwi Higher
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August 7, 2024 4:21 AM UTC

New Zealand Q2 unemployment rate 4.6% (vs. 4.7% expected)

July 30, 2024

NZD/USD flows: Leading the pack
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July 30, 2024 5:15 AM UTC

Majors performing individually

July 19, 2024

NZD/USD flows: Drgged by stronger USD and softer sentiment
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July 19, 2024 4:54 AM UTC

USD broadly stronger and risk sentiment soft

July 17, 2024

NZD/USD flows: Sell the lower CPI fact
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July 17, 2024 3:32 AM UTC

New Zealand Q2 CPI 0.4% q/q (expected 0.5%), 3.3% y/y (expected 3.4%)

July 15, 2024

NZD/USD flows: Contracting Service PMI
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July 15, 2024 4:50 AM UTC

New Zealand June services PMI 40.2 (prior 43.0)

July 10, 2024

NZD/USD flows: Kiwi sunk on RBNZ's forward guidance shift
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July 10, 2024 4:29 AM UTC

RBNZ kept rates unchanged at 5.5% and suggest inflation approaching target range

June 20, 2024

NZD/USD flows: GDP Beats
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June 20, 2024 4:47 AM UTC

New Zealand Q1 GDP +0.2% q/q (expected +0.1%)

May 22, 2024

NZD/USD flows: Jumped But Capped after RBNZ
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May 22, 2024 5:23 AM UTC

RBNZ kept rates at 5.5% but suggest rates higher for longer

April 17, 2024

NZD/USD flows: NZ CPI Arrived at 4%
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April 17, 2024 6:00 AM UTC

New Zealand Q1 CPI comes in at +4.0% y/y, 4.7% prior, +0.6% q/q, prior +0.5%.

April 10, 2024

USD, NOK, NZD, JPY flows: NOK softer, NZD firmer, focus on JPY and US CPI
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April 10, 2024 6:48 AM UTC

NOK softer as CPI comes in weaker than expected. NZD firmer after RBNZ. USD/JPY still hovering close to 34 year highs ahead of US CPI data

NZD/USD flows: RBNZ Suggest Restrictive Rates to Be Longer
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April 10, 2024 6:00 AM UTC

RBNZ kept rates unchanged at 5.5% and suggest OCR to stay restrictive for a sustained period of time

March 28, 2024

NZD/USD flows: RBNZ signals no hike
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March 28, 2024 5:12 AM UTC

New Zealand March consumer confidence plunges to 86.4 (prior 94.5)

February 28, 2024

USD, EUR, AUD, NZD flows: NZD decline leads USD rise
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February 28, 2024 7:49 AM UTC

A lower NZD after the RBNZ left rates unchanged was followed by a generally firmer USD as equities softened

February 14, 2024

AUD, NZD/USD flows: Taking a breather
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February 14, 2024 5:59 AM UTC

USD Retraced Partial Gains on Wednesday Asia 

February 13, 2024

NZD/USD flows: RBNZ Inflation Excpectations Revised Lower
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February 13, 2024 5:42 AM UTC

RBNZ inflation expectations for 1yr at 3.22% from 3.6% and 2yr at 2.5% from 2.76%

February 12, 2024

NZD/USD flows: Quiet Monday as most Asia market observe Lunar New Year
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February 12, 2024 4:16 AM UTC

It is a quiet Monday with markets observing Lunar New Year
RBNZ Gov Orr says inflation remains too high, that's why we've kept cash rate at 5.5%

February 09, 2024

NZD/USD flows: Boosted by ANZ Rate Forecast
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February 9, 2024 4:46 AM UTC

ANZ are expecting the RBNZ to hike its cash rate in February and in April, to 6%

February 07, 2024

NZD/USD flows: Stronger Labor Data Supports the Kiwi
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February 7, 2024 5:10 AM UTC

New Zealand Q4 unemployment rate 4.0% vs 4.2% expected
Labour cost index +3.9% y/y vs 3.8% expected

January 03, 2024

NZD/USD flows: Rebounded the most after falling the most
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January 3, 2024 5:33 AM UTC

Kiwi rebounded after being sunk by the greenback

December 13, 2023

NZD/USD flows: Soft CPI Forecast Giving Kiwi a Beating
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December 13, 2023 5:17 AM UTC

New Zealand Food Price Index (November) -0.2% m/m (prior -0.9%)
Westpac cuts its New Zealand Q4 CPI forecast to 0.3% from 0.6%
New Zealand government removes full employment goal for Reserve Bank of New Zealand