Daily outlook for NZ rates

Jun 10, 2015 20:57 pm UTC| Commentary

Westpac Research notes:NZ swap yields 1 day: Given the movement in interest rates in key markets overnight, the NZ 2yr should open 1bp higher at 3.35% while the 10yr should open 2bp higher at 4.16%, although there may be...

Expect more two-way variability in USD-CNY in the medium term

Jun 10, 2015 16:55 pm UTC| Commentary

July 2015 brings the fifth anniversary of the launch of the offshore Renminbi market in Hong Kong. Big strides have been made in the internationalisation of the Renminbi since then, and we expect its pace to quicken over...

More GBP 5s10s steepening likely

Jun 10, 2015 16:26 pm UTC| Commentary

A pick-up in gilt supply and soft auction covers support more 5s10s steepening. But strong overseas buying and the coming September Bank of England (BoE) bid which should see the Bank of England conduct its largest...

Czech economy is in good shape; data confirms so

Jun 10, 2015 15:13 pm UTC| Commentary

The situation in the Czech labour market is quickly improving. It is most visible in employment growth but it is likely to translate into wage growth as well.Cranking up wage growth should support rising domestic demand...

USD review

Jun 10, 2015 14:45 pm UTC| Commentary

Western Union notes:The data-deprived dollar so far this week has largely looked abroad for its cues. The dollar has struggled as Japan has talked up its currency from 13-year lows and bonds in Europe continued to offer...

CAD review

Jun 10, 2015 14:44 pm UTC| Commentary

Western Union notes:Headed back below C$1.20? The loonie edged closer to a key psychological level against a weaker U.S. currency.The loonie has drawn steady support recently from better data on Canadas job market,...

GBP review

Jun 10, 2015 14:42 pm UTC| Commentary

Western Union notes:Surprisingly bullish U.K. factory data and another leg lower for the greenback helped the pound bolt to two-week highs. Suggesting a better start to the second quarter, industrial output topped...