Trial now
AUSSIE 10-YEAR TECHS

(Z1) Shallow Bounce

USDCAD TECHS

Trend Needle Still Points North

WHITE HOUSE

Biden Losing Support On COVID-19 Strategy: Poll

AUDUSD TECHS

Slide Accelerates

LATAM

Snapshot: USDMXN Set To Post Highest 2021 Close

EURJPY TECHS

Still Looking For Weakness

RBNZ
RBNZ: VIEW: Westpac believe that "the RBNZ may shift to a neutral OCR outlook at
its February Monetary Policy Statement, after a wave of strong economic and
housing data and the announcement of a sharp lift in government infrastructure
spending. Labour market data and the developing coronavirus outbreak are key
uncertainties that could change the outlook." But they haven't changed their
view re: timing of a cut, noting "we still think the longer-term risks are more
tilted towards a lower OCR than higher. We expect the economic data to
deteriorate in both the US and Australia. Consequently, we expect both the Fed
and the RBA to reduce official interest rates this year by more than markets
currently anticipate. If we are correct about that, the RBNZ may be forced to
follow suit lest the exchange rate rise unhelpfully. We have pencilled in an OCR
for August this year, reflecting where we think the balance of risks lie."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com