Back
13 Mar 2015
NZD rockets higher - ANZ
FXStreet (Bali) - The Research Team at ANZ highlights the stellar performance by the Kiwi in the last 24h following the neutral RBNZ policy meeting from Thursday morning.
Keep Quotes
"Having been hammered by the 1080 saga earlier in the week, and expectations that perhaps the RBNZ might warm to the idea of a cut, the NZD has rocketed higher on the Bank’s flat-line 90day bill projections and upbeat characterisation of the economy."
"It has been called “unjustified” and “unsustainable”, but the market doesn’t see it that way, particularly given how easy policy is elsewhere, with Australia set to cut again, and Korea, New Zealand’s 5th largest trading partner, cutting yesterday."
"The NZD looks like it will continue to do a lot of work keeping inflation down, and this is something the interest rate markets needs to be constantly vigilant of."
Keep Quotes
"Having been hammered by the 1080 saga earlier in the week, and expectations that perhaps the RBNZ might warm to the idea of a cut, the NZD has rocketed higher on the Bank’s flat-line 90day bill projections and upbeat characterisation of the economy."
"It has been called “unjustified” and “unsustainable”, but the market doesn’t see it that way, particularly given how easy policy is elsewhere, with Australia set to cut again, and Korea, New Zealand’s 5th largest trading partner, cutting yesterday."
"The NZD looks like it will continue to do a lot of work keeping inflation down, and this is something the interest rate markets needs to be constantly vigilant of."