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…
The RBA meets on September 06 and there are a number of factors likely to weigh on the AUD going forward. China’s growth is slowing and the AUD tends to…
The RBA is facing a growing list of worries likely to weigh on the AUD. A strained property sector in China, concerns over China’s COVID-Zero policy, as well a slump…
The key market this week was the bond market. A sharp sell-off gripped the gilt markets (UK bond market) post the high UK inflation print. Bunds (German bond market) followed…
The RBNZ took a decidedly hawkish tilt this week as the central bank raises its official cash rates. The terminal rate has now been increased to 4.1% in December 2023…
The key release this week was the US CPI print. The miss on the headline was referenced by US President Biden by saying that inflation may be moderating. The reaction…