Commodity currencies most vulnerable as interest rate expectations favour the greenback
The Reserve Bank of New Zealand is preparing for a housing market correction
A pullback in metal and oil prices presents risk for investors in Canadian and Australian dollars
Antipodean currencies feeling the impact of China Evergrande’s likely default
Trans-Tasman quarantine-free travel bubble will remain halted for a further eight weeks
Default by the property developer would drag down the China-proxy currencies
The New Zealand dollar to US dollar forecast is largely optimistic over the next 12 months.
Carrier suspends earnings guidance as travel restrictions continue
Rising COVID-19 numbers in Australia and a fresh case of the virus in New Zealand pull down the currencies
Total spending on credit cards and debit cards increased 0.9% month-on-month to NZD8.53bn
The article considers the latest EUR/NZD moves, factors driving the rate and where the pair is headed next.
Tightening labour market raises risk that wage growth will prompt faster interest rate hike cycle
Economists expect the RBNZ to enter a rate-tightening cycle that hits 1.75% in 2022
Investors move to safe-haven currencies as COVID-19 case numbers rise globally
Improved economic conditions and lifting of COVID-19 restrictions propel household consumer confidence
| Economic calendar | ||||||
|---|---|---|---|---|---|---|
| 18 October, 2021 | ||||||
| 05:00 | High | Unemployment Rate | ||||
| 05:00 | High | Retail Sales YoY | 0.023 | |||
