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Prospect for more RBNZ rate cuts can further weigh on NZD - BBH
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Prospect for more RBNZ rate cuts can further weigh on NZD - BBH
New
2025.01.31 20:26
2025.01.31 20:26
2025.01.31 20:26
NZD/USD is firmer but the prospect for more RBNZ rate cuts can further weigh on New Zealand Dollar (NZD), BBH FX analysts note.
Markets continue to imply another rate cut in February
"New Zealand January ANZ consumer confidence was disappointing. Consumer confidence dipped 4 points to a three-month low at 96.0 and remains below long-run average of 113.7. Additionally, the proportion of households thinking it's a good time to buy a major household item, the best retail indicator, dropped a sharp 15 points to -16."
"In line with RBNZ guidance, markets continue to imply another 50bps rate cut to 3.75% at the February 19 meeting and the policy rate to bottom at 3.00% over the next 12 months."
Last updated
: 2025.01.31
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Breaking: US core PCE inflation holds steady at 2.8% in December as expected
Inflation in the US, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, edged higher to 2.6% on a yearly basis in December from 2.4% in November, the US Bureau of Economic Analysis (BEA) reported on Friday.
New
2025.01.31 22:32GBP/USD support noted around 1.2390/95 - Scotiabank
The Pound Sterling (GBP) is little changed on the session after dropping back against the USD in late trade yesterday, Scotiabank's Chief FX Strategist Shaun Osborne notes.
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2025.01.31 22:19EUR softer as spreads widen - Scotiabank
The ECB cut its policy rate 25bps Thursday, as expected, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.01.31 22:16CAD slips, but steadies on tariff news - Scotiabank
The Canadian Dollar (CAD) slid briefly in response to yesterday's tariff headlines, making a new cycle low against the USD near 1.46 before recovering slightly.
New
2025.01.31 22:13USD gains on Trump tariff threat - Scotiabank
Markets remain quite subdued despite President Trump indicating late yesterday that 25% tariffs on Canada and Mexico will be announced this weekend, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.01.31 22:10Germany annual CPI inflation softens to 2.3% in January vs. 2.6% expected
Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), softened to 2.3% on a yearly basis in January from 2.6% in December, Destatis' flash estimate showed on Friday.
New
2025.01.31 22:04US Dollar adds to gains with tariff talk and PCE as main drivers
The US Dollar Index (DXY), which tracks the performance of the US Dollar against six major currencies, currently trades at 108.25 at the time of writing and is receiving quite a few tailwinds this Friday.
New
2025.01.31 21:49USD/SGD: Price pattern resembles a rising wedge - OCBC
USD/SGD was a touch firmer as Trump's tariff threats ahead of 1 Feb deadline undermined sentiments. Pair was last seen at 1.3540, OCBC's FX analysts Frances Cheung and Christopher Wong note.
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2025.01.31 20:34Prospect for more RBNZ rate cuts can further weigh on NZD - BBH
NZD/USD is firmer but the prospect for more RBNZ rate cuts can further weigh on New Zealand Dollar (NZD), BBH FX analysts note.
New
2025.01.31 20:25USD/JPY: BoJ's Ueda notes more hikes in the pipeline - BBH
USD/JPY is holding above technical support at 154.00, BBH FX analysts note.
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2025.01.31 20:09Disclaimer:
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