Free Trial

ANZ On The NZD Outlook


ANZ note that "global markets were swept up by a strong "risk-on" vibe on Friday night, which saw the Kiwi rally past $0.73. Price action seemed more correlated to US bonds than equities on Friday night (not all that surprising, given NZ 10yr yields are the highest in the G10 again). Short-covering likely contributed to the rally after a week of underperformance. This week's the RBNZ MPS takes centre-stage. We expect a cautious tone and so does the market, but if the tone surprises one way or the other, a more hawkish tone would see the market react more. The market is just not in the mood for dovish talk, but it eagerly digests good news stories."

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.