Jun 24, 2015 20:12 pm UTC| Commentary
Westpac Research notes:AUD/NZD 1 day: The abrupt reversal overnight confirmed 1.1300 as a major obstacle.AUD/NZD 1-3 month: The RBA will probably remain on hold (albeit with easing risk), while the RBNZ is currently in...
Jun 24, 2015 20:11 pm UTC| Commentary
Westpac Research notes:NZD/USD 1 day: Profit-taking appeared to set in overnight, suggesting 0.6815 is a base for now.NZD/USD 1-3 month: Our immediate target is 0.6795, being the major low formed in July 2010. Below that...
Jun 24, 2015 20:10 pm UTC| Commentary
Westpac Research notes:AUD/USD 1 day: Another test of the 0.7700 area targets 0.7650 today.AUD/USD 1-3 month: Eventual resumption of the strong US dollar trend should weigh on the AUD during the next few months. The next...
Jun 24, 2015 20:10 pm UTC| Commentary
Westpac Research notes:AU swap yields 1 day: The 2yr should open around 2.15% while the 10yr should open around 3.38%.AU swap yields 1-3 month: The 2yr is eking a sideways range of 2.05%-2.30%, while the 10yr should...
Jun 24, 2015 20:09 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 down 2bp at 3.09% while the 10yr should open down 1bp at 3.97%.NZ swap yields 1-3 month:...
Significant downside risk to the loonie over the near-term
Jun 24, 2015 18:10 pm UTC| Commentary
The Canadian dollar has taken a breather from its depreciating trend, as oil prices have remained fairly steady and the U.S. dollar has stopped strengthening.However, there is significant downside risk to the loonie over...
Canadian bond yields have not risen as much as U.S. Treasuries in recent weeks
Jun 24, 2015 17:53 pm UTC| Commentary
Canadas economic growth was thrown off course by the collapse in oil prices. TDs latest forecast projects that economic growth will start to pick up in the second half of this year, but to a large extent, Canadas outlook...
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