Jun 18, 2015 20:18 pm UTC| Commentary
Westpac Research notes:AUD/NZD 1 day: Impressive surge yesterday almost reached our 1.1300 medium term target. That level should provide some resistance.AUD/NZD 1-3 month: The RBA will probably remain on hold (albeit with...
Jun 18, 2015 20:17 pm UTC| Commentary
Westpac Research notes:NZD/USD 1 day: Holding above 0.6880 for now but we favour it lower during the week ahead.NZD/USD 1-3 month: Multi-month, we expect the US dollar uptrend to resume with stronger US data in Q2 and Q3...
Jun 18, 2015 20:16 pm UTC| Commentary
Westpac Research notes:AUD/USD 1 day: If this break above 0.7800 is sustained, 0.7935 is the next target.AUD/USD 1-3 month: Eventual resumption of the strong US dollar trend should weigh on the AUD during the next few...
Jun 18, 2015 20:15 pm UTC| Commentary
Westpac Research notes:AU swap yields 1 day: The 2yr should open around 2.14% while the 10yr should open around 3.34%.AU swap yields 1-3 month: The 10yr should continue to rise, following US yields, and targets above...
Jun 18, 2015 20:14 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 rise 2bp at 3.11% while the 10yr should open up 3bp at 3.91%. NZ swap yields 1-3 month: Short...
Deadlock around Greece continues
Jun 18, 2015 19:01 pm UTC| Commentary
The deadlock around Greece continues, with another meeting ending without real progress. However, the stakes have risen and for once real deadlines are approaching.The next weeks are thus crucial, and the ultimate deadline...
Monetary tightening and fiscal consolidation will help re-anchor Brazil inflation expectations
Jun 18, 2015 18:44 pm UTC| Commentary
Monetary policy is being tightened aggressively in Brazil despite a contraction in economic activity. The BCB has already raised its benchmark rate by 275bp since Oct and will most likely keep going, as minutes from Junes...