News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Mixed
Wall Street
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • UK is said to be weighing Huawei installation ban in 2021 -BBG
  • NZD/USD quickly pulls back from a fresh 2020 high (0.6968) as upbeat data prints coming out of the US economy spark a bullish reaction in the Greenback. Get your $NZDUSD market update from @DavidJSong here: https://t.co/zghuqNDKXP https://t.co/B5YZ0dWOtR
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.27% 🇨🇦CAD: 0.05% 🇳🇿NZD: -0.09% 🇨🇭CHF: -0.16% 🇦🇺AUD: -0.23% 🇯🇵JPY: -0.67% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/zBEnHG1OJ9
  • US 10-year Treasury yields aiming higher on positive vaccine developments after U-turning at Ascending Channel support A move back towards the November high (0.98) looks likely in the near term and could spell further downside for #gold prices $TNX $GLD #US10Y https://t.co/7TgKaDHLdB
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.43% Gold: -1.90% Silver: -2.49% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/m88Pl31QW4
  • Michigan certifies election results for Joe Biden - BBG
  • Mexican Peso is carving the weekly opening-range just above downtrend support and while the broader risk remains lower. Get your $USDMXN market update from @MBForex here:https://t.co/7KPza6gEmZ https://t.co/u1Fdz3dwEI
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 93.33%, while traders in NZD/USD are at opposite extremes with 75.64%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/yjvp0kn5Ab
  • Indices Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.07% France 40: 0.02% Wall Street: 0.01% US 500: 0.01% FTSE 100: 0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/AWgEa62SzF
  • 🇰🇷 Consumer Confidence (NOV) Actual: 97.9 Previous: 91.6 https://www.dailyfx.com/economic-calendar#2020-11-23
New Zealand Dollar Rallies After RBNZ's Financial Stability Report

New Zealand Dollar Rallies After RBNZ's Financial Stability Report

2015-11-11 01:07:00
Bradley A. Kearns,
Share:

Talking Points:

  • The New Zealand Dollar rallied after the release of the RBNZ’s financial stability report
  • Sentiments from the statement leads the market to speculate a rate cut is less imminent
  • The central bank voiced concern over the health of the housing and dairy sector

Why did that currency just rally? Always stay in the know by adding the DailyFX News App to your charts.

The New Zealand Dollar rallied against the greenback after the RBNZ’s financial stability report led the markets to believe a rate cut is less imminent. The central bank said “there is less scope for monetary policy easing to offset a sharp rise in funding spreads.” It was also noted in the statement that the transmission of monetary policy may be affected by a lack of participants in the FX swap market and banks having lower risk-appetite.

In general, the report noted that financial stability risks had risen. The report highlighted the health of the housing and dairy sector in particular. Home prices in Auckland now exceed gross income by nine times. The cities of Hamilton and Tauranga reported property price inflation of 18 percent and 14 percent year-over-year respectively. The RBNZ fears a significant correction in these assets could undermine the economy’s financial stability due to bank’s large exposure.

New Zealand’s top exported good, dairy, has been hurt by the decrease in Chinese demand and the fall in commodity prices. The country’s central bank is concerned that indebted dairy farms may be negatively affected if the commodity’s price continues to fall.

RBNZ FINANCIAL STABILITY REPORT

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES