It was Australia’s inflation data this week that raised expectations for a more aggressive RBA. All the inflation metrics beat across the board and both, the trimmed mean and weighted…
Although the RBA both hiked rates to the highest level since 2012 and at the sharpest rate since 1989, the decision was as expected. Short Term Interest Rate Markets were…
The RBNZ met this week and took a decidedly hawkish tone. The RBNZ recognises that annual inflation remains too high at 7.2% and it hiked by 75bps to 4.25%. This…
The New Zealand Dollar has been moving higher recently in line with the more bullish outlook from the RBNZ in October. In that meeting, the NZD had not been very…
Last week both the RBA and the RBNZ met, but their policy responses were quite different and a divergence has opened up between them. The RBA hiked by 25bps, but…
The RBNZ meeting was as expected this week. Rates were raised by 50bps to 3.50bps and the RBNZ maintained a robust view of the domestic economy. Reuters reported that the…
Monday started with a risk-positive footing after the miss from the US ISM Manufacturing data. A miss across the board sent investors running to sell the USD, buy gold and…
Major central bank rundown It’s time for your central bank catch up. The link to the latest statement is at the bottom of each section, so just click there to…
This week was busy with the European Central Bank, Reserve Bank of Australia, and Bank of Canada all meeting. One interesting point to note was a comment from RBA’s Governor…
Heading into the latest RBA meeting this week it made sense to be short the AUDNZD. There were three key reasons to expect AUD weakness against the NZD. China’s growth…