NZ CPI printed close to the RBNZ’s forecasts. BNZ believes that the data won’t change the central bank’s view as it also didn’t alter its own view of 50bp of easing in February. It sees a greater ...
GDP YoY print of +1.2% was below expectations of +1.4% and a contraction from Q3 result of +1.5% delivering an annualized return for 2024 of 2.0%. The original estimate for 2024 GDP expansion was +2.1 ...
European natural gas trended lower on Wednesday to be down 2.5% to EUR 48.80 just off the intraday low of EUR 48.51. It is now close to unchanged in January. Futures prices are over EUR 48.50 for ...
NZD/USD fell 0.28% to 0.5663 on Wednesday, it did recover some of the earlier weakness following a mixed data CPI that caused the NZD to underperform all other G10 currencies early. Looking at ...
In signs that the Central Bank could be on hold for 2025, Bank Negara (‘BNM”) held rates at 3.00% where it has been since May 2023. Of the 24 respondents on the BBG survey, none expected a cut in the ...
The Brazilian real extends session gains, up over 1.2% against the greenback at typing to bring this week’s gains to around 2% so far. Note too that USD/BRL is trading below the 50-day EMA for the ...