• The Friday Forex Takeaway – Episode 10

    Key Points from This Week FOMC Meeting Minutes The minutes of the October FOMC meeting were interesting given that the tone of discussions was more dovish than the market was expecting. Policymakers noted that risks to the US economy remain elevated and while most supported the decision to keep rates on hold now, the potential […]

  • NZD Higher As RBNZ Defies Market Expectations

    RBNZ Bucks The Trend At a time when global central banks are increasingly guiding markets and signalling forthcoming moves, the RBNZ is increasingly become a difficult bank to anticipate. In August, the RBNZ caught traders off-guard when, against expectations of a near-certain 25 basis point rate cut, they lowered rates by a huge 50 basis […]

  • Softer Outlook For NZD Economy

    The release of the NZIER’s Quarterly Survey of Business Opinion suggests an increased likelihood that we could see negative rates in New Zealand at some point in the future. Currently, the RBNZ projects that the level of rate cuts and fiscal easing in play will be enough to fuel a pickup in economic growth, taking […]

  • RBNZ Holds Rates But Still Room For Further Easing

    Rates Held At Record Lows With the RBNZ having unexpectedly cut rates by .50% at its last meeting, there was a lingering sense of caution coming into yesterday’s meeting. While the bank was not expected to cut rates again, there was certainly the sense that the market was not looking to be caught off guard […]