XE Money Transfer - Latest News [Page 1]

XE Data Update - NZ Business Confidence Release

Thursday, 28 May 2020, 1:10 pm | XE Money Transfer

The final ANZ Business Confidence & Own Activity Outlook data for May have just been released. The Business Confidence for May jumped sharply (less negative) :   -41.8% vs -66.6% (previous survey) Firms’ Own Activity Outlook for ... More >>

XE Morning Update - Todd Muller New Leader Of The National Party

Friday, 22 May 2020, 1:16 pm | XE Money Transfer

It has been reported that Simon Bridges has lost the National Party leadership vote to Todd Muller . Auckland Central MP, Nikki Kaye, as been elected as his deputy. New separate news, NZ Finance Minister Grant Robertson has said : They are considering ... More >>

XE Data Update - NZ 1Q Producer Price Index

Tuesday, 19 May 2020, 11:04 am | XE Money Transfer

The NZ 1Q Producers Price Index (PPI) for has just been released. The PPI came in fell compared with the previous quarter. NZ PPI 1Q (compared with 4Q): PPI Inputs -0.3% (4Q was +0.1%) PPI Outputs 0.1% (4Q was +0.4%) There were no consensus forecasts ... More >>

NZ 'Covid Response & Recovery' Budget Release

Thursday, 14 May 2020, 2:42 pm | XE Money Transfer

If last year’s NZ Budget was the “wellbeing budget,” I guess the 2020 budget should be coined something like the “Covid response & recovery budget.” The key highlight is net debt is forecast to surge to 53.6% of GDP by 2023 – big ... More >>

XE Data Update - RBNZ Official Cash Rate Decision - NZD Lower

Wednesday, 13 May 2020, 2:22 pm | XE Money Transfer

The RBNZ will keep the Official Cash Rate (OCR) at 0.25%. T he key points in the RBNZ statement are: RBNZ keeps the OCR at 0.25% See the OCR at 0.25% in September 2020 To significantly increase Large Scale Asset Purchase (LSAP) of Government Bonds ... More >>

XE Data Update - NZ 1Q Employment Released

Wednesday, 6 May 2020, 11:23 am | XE Money Transfer

The NZ Employment numbers for 1Q have just been released. They came in better than expected: NZ Employment data for 1Q was: - Employment (Q/Q) 0.7% (consensus -0.3%) - Employment (Y/Y) 1.6% (consensus 0.7%) - Unemployment Rate 4.2% (consensus 4.4%) ... More >>

RBNZ Is Proposing The Removal Of Mortgage Loan-to-value Ratio (LVR)

Tuesday, 21 April 2020, 10:33 am | XE Money Transfer

The Reserve Bank of New Zealand is proposing the removal of mortgage loan-to-value ratio (LVR) restrictions in line with the Bank’s financial stability mandate , the central bank says in a statement on its website. The key points mentioned are: ... More >>

XE Data Update - NZ 1Q Consumer Price Index Release

Monday, 20 April 2020, 11:18 am | XE Money Transfer

The NZ Consumer Price Index (CPI) for 1Q has just been released. The CPI came in considerably higher than expected . NZ CPI 1Q/Annual: Headline 1Q CPI +0.8% / +2.5% Consensus 0.4% / +2.1% Non-tradables CPI +1.4% / +3.4% versus previous quarter / ... More >>

XE Data Update - RBNZ Governor & Assistant Governor Speaking Before Parliamentary Committee

Thursday, 16 April 2020, 12:43 pm | XE Money Transfer

RBNZ Governor Adrian Orr & Assistant Governor Christian Hawkesby have been speaking before a parliamentary committee. Their key points are: Monetary policy can only soften the blow from covid-19 Banks entered the pandemic in a strong position ... More >>

XE Data Update - NZ Must Take Opportunity To Reset Economy, Finance Minister Says

Wednesday, 15 April 2020, 2:56 pm | XE Money Transfer

New Zealand Finance Minister Grant Robertson speech notes on the NZ economy were released in emailed statement. His key points are: Actively working on what comes after the wage subsidy scheme, assessing what further backing businesses and households ... More >>

XE Data Update - NZ Treasury Releases Economic Scenarios For Lockdown

Tuesday, 14 April 2020, 9:48 am | XE Money Transfer

The New Zealand Treasury released its economic scenarios for lockdown. The key points are: The pandemic is a ‘once in a century’ public health shock having a profound impact on economic and financial systems around the world and in New Zealand. There ... More >>

XE Data Update - NZ Government’s Multi-Billion Fiscal Stimulus Package Announcement

Tuesday, 17 March 2020, 2:15 pm | XE Money Transfer

The NZ Government’s multi-billion fiscal stimulus package has just been announced. The key points are: New Zealand announces NZ$12.1 billion economic package in response to covid-19 Economic package accounts for 4% of GDP, larger than response to global ... More >>

XE Data Update - US Fed Cuts Interest Rates To Near Zero

Monday, 16 March 2020, 10:25 am | XE Money Transfer

The US Federal Reserve cut is benchmark rate by a 1.00% to near zero and will boost its bond holdings by USD$700 billion Key points in their statement are: Fed cuts interest rates to near zero in response to coronavirus crisis, risks to economic ... More >>

XE Data Update - RBNZ Cut OCR By 0.75% To 0.25%

Monday, 16 March 2020, 9:06 am | XE Money Transfer

The RBNZ cut the Official Cash Rate (OCR) by 0.75% to 0.25%. This was an emergency rate cut in response to the growing negative economic implications of the COVID-19 virus. T he key points in the RBNZ statement are: Negative implications to the NZ ... More >>

Flash Crash

Monday, 9 March 2020, 3:27 pm | XE Money Transfer

There Has Been A Large Move In The FX Markets, With A Flash Crash Selloff Effecting Risk Currencies. The NZD is down circa 2.5% against most, after being down 4-5% at times and the Kiwi was down almost 9% against the Japanese YEN. it is a very volatile ... More >>

XE Data Update - ANZ Business Confidence Release

Thursday, 27 February 2020, 2:26 pm | XE Money Transfer

The ANZ Business Confidence & Own Activity Outlook data for February have just been released. The Business Confidence for February fell   -19.4% vs -13.2% (previous survey) Firms’ Own Activity Outlook for February fell : + 12.0% ... More >>

XE Morning Update

Tuesday, 25 February 2020, 9:44 am | XE Money Transfer

The NZDUSD opens higher at 0.6338 this morning. The coronavirus was again front and centre in market thinking overnight. Fears of a coronavirus pandemic mounted with sharp rises in new cases reported in Iran, Italy and South Korea, with Afghanistan ... More >>

XE Data Update - NZ 4Q Retail Sales Release

Monday, 24 February 2020, 11:11 am | XE Money Transfer

NZ Retail Sales for 4Q have just been released. They came in marginally lower than expected. Real Retail Sales on quarter +0.7% (Consensus +0.8%) Actual (seasonally adjusted) retail sales rose 3.3% on the year. Statistics NZ stated 9 of the 15 industries ... More >>

XE Morning update

Monday, 24 February 2020, 8:58 am | XE Money Transfer

The NZDUSD opens lower at 0.6322 this morning. The fast-spreading coronavirus was again the dominant factor behind market movements over the weekend. The latest signs of infections outside the Hubei province epicentre in China has triggered a selloff ... More >>

XE Morning Update

Friday, 21 February 2020, 10:38 am | XE Money Transfer

The Kiwi opens at 0.6335 It has been a bad night for risk currencies, with the Kiwi following the Aussie down. The AUD was sitting on the edge of a cliff, and slightly bad unemployment data, coming in higher at 5.3% made it wobble. The final catalyst ... More >>

 

 
 
 
 
 

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