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U.K.’s flash PMI indices indicate decline in business activity in November, composite index falls to 47.4

U.S. weekly jobless claims unexpectedly decrease

German Ifo business climate index falls sharply in November, economic growth likely to shrink in Q3

Germany's unemployment exceeds expectations in September

Canadian employment likely declined in November, jobless rate to have risen to 9 pct

Canadian inflation continues to ease, moving closer to the Bank of Canada's target

Philippine central bank keeps interest rate unchanged at 2 pct

Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed

United States building permits

U.S. vehicle sales fall again in November

U.S. existing home sales decline in August

Bank of Korea likely to keep key interest rate on hold at 0.50 pct in November

Reserve Bank of India likely to stand pat in December

U.S. Consumer Confidence falls in September

U.S. existing home sales rise above expectations in October

Taiwanese money supply continues to see strong growth, CBC likely to keep rates on hold in December

U.S. Q3 economic growth unrevised in second estimate

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Gains in kiwi unlikely to be sustainable

Wednesday, October 14, 2015 7:31 AM UTC

It will be of little help of course that Graeme Wheeler, governor of the Reserve Bank of New Zealand (RBNZ) has just stressed once again that he considers a further rate cut to be likely in New Zealand.

"From the market's point of view neither the RBNZ nor the RBA are totally through with rate cuts. That means that the gains seen for both AUD and NZD since early October are unlikely to be sustainable", says Commerzbank.

The two main factors expected to contribute to NZD/USD weakness are RBNZ easing (the OCR is expected to fall to 2.00% by early next year) and eventual Fed tightening

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Gains in kiwi unlikely to be sustainable

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