Hi guys,
the bad NZD CPI report today resulted in NZD loss of course, so for this reason it might be good to know what the Governor of the Reserve Bank of New Zealand had to say in his statement to have a clear view on the New Zealand economy:
NZD is making nice gains lately, here are some Fundamentals to you to stay updated:
Geoff Bascand: Brighter money - enhancing innovation and embracing heritage
Mr. Wheeler updated us again on the New Zealand economy:
Some information on the NZD housing situation:
And some updates on the badly beaten NZD economy:
The price of milk extended its recovery, with the GDT Price Index jumping by 16.5%. However, GDT went in the opposite direction to GDP, which advanced by only 0.4% and implies further rate cuts. In the US, the Fed refrained from hiking and its worries about the global economy eventually triggered the question: which bank goes next? The kiwi had its time in the sun, but this didn’t go too far.
Updates:
Sep 25, 14:30: US Final Q2 GDP beats with +3.9% – USD rises: The US economy grew at an annualized pace of 3.9% in Q2 2015 according to the final read, better than…
Sep 23, 12:46: Dollar remains king in turbulent markets; focus on Australia [Video]: The US dollar looks strong against almost all currencies, except the Japanese yen, a safe haven as well. After covering…
Sep 23, 9:09: Dollar defies doves – on the Fed, Greece and more – MM #68: No hike didn’t mean no dollar drive higher. What’s going on? We digest the dovish Fed from all angles.
Well, the rise for the GDT Price Index is good for the GDP in long term, however it does take time until the higher prices are shown in the GDP and until we can see the effects of higher commodity prices in the New Zealand economy.