New Zealand's central bank left its key interest rate unchanged after cutting the rate by 50 basis points in August. The Monetary Policy Committee of Reserve Bank of New Zealand headed by Adrian Orr, on Wednesday decided to hold the Official Cash Rate at 1.0 percent. The MPC observed that new information since August did not warrant a significant change to the monetary policy outlook. more...
NZDUSD is expected to be the most volatile currency. Ahead of the NZ inflation report, overnight implied vols have jumped by 4.9 vols to 12.25, which is the highest since the June RBNZ rate decision. This implies that NZDUSD ATM break-evens = 34pips(meaning that option traders need to see a move of at least 34pips in either direction in order to realise gains). Interestingly, risk reversals have flipped to positive at 0.1 (albeit relatively neutral), ...
The unemployment rate in New Zealand came in at a seasonally adjusted 4.2 percent in the first quarter of 2019, Statistics New Zealand said on Wednesday. more...
New Zealand had a merchandise trade deficit of NZ$914 million in January, Statistics New Zealand said on Wednesday. more...
New Zealand posted a merchandise trade deficit of NZ$914 million in January, Statistics New Zealand said on Wednesday - marking the largest deficit on record for a January month. more...
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