NZD/USD-Commentary

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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 is the best performer in majors against the greenback despite sour regional risk sentiment and soft commodity price. While it can be partially attributed to broad USD weakness, the magnitude of the rebound is also related to the pace of fall on Tuesday (Kiwi the biggest loser of 1.21%) 
NZD/USD

December 13, 2023

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

The Kiwi has been beaten down on Wednesday Asia session, triggered by Westpac's downward forecast revision of Q4 CPI. Westpac cuts its New Zealand Q4 CPI forecast to 0.3% from 0.6%, which is read by market participants if such is the case, the RBNZ does not neccessarily have to keep rates higher for