NZD

Newsquawk Week Ahead: US & UK Retail Sales, Japan, NZ, UK and Canada CPI, and ECB

• Next week's highlights include inflation reports from Japan, New Zealand, UK and Canada, Retail Sales data from US and UK, as well as the ECB Policy Announcement and PBoC MLF. There is also China GDP and activity data, as well as China's Third plenum. Elsewhere, Australian and UK jobs data will be of note, as will the SARB rate decision and Republican Convention.

New Zealand Card Sales for June -0.6% m/m (prior -1.2%)

• Card sales data is the main retail sales indicator from NZ

New Zealand June Manufacturing PMI 41.1 (prior 47.2)

• Business NZ Manufacturing PMI plummets

NZDUSD rotates back toward MA support targets

• Gains off the CPI, see partial reversal

New Zealand data - June Food Price Index +1.0% m/m (prior -0.2%)

• NZD up a few wee tics on this ... inflation in NZ has not gone away just yet

"We finally got a noticeable softening in tone" from the RBNZ, to cut in November

• These guys were ahead of the curve on the RBNZ

ANZ on what to watch for timing the first RBNZ interest rate cut. Spoiler, next week's CPI

• Respones to the Reserve Bank of New Zealand statement yesterday

BNZ forecast a November rate cut from the RBNZ (previously February)

• A 'pivot' from the Reserve Bank of New Zealand

Kiwi stays pressured in European morning trade

• A more dovish RBNZ earlier today is weighing on the currency

NZD/USD slumps on dovish RBNZ but key support levels still holding

• The kiwi is the main laggard today as the RBNZ tees up rate cuts as early as October

Westpac on the RBNZ statement today - "less hawkish" than May statement

New Zealand rate pricing implies 25bp rate cut for October vs. 16 before RBNZ statement

• Reserve Bank of New Zealand lean a little less hawk and more dove

NZD/USD drops after the RBNZ statement - hints of a closer rate cut

• RBNZ expecting headline inflation to return to within the 1 to 3 percent target range in the second half of this year

RBNZ leaves it cash rate on hold at 5.5%, as expected

• Reserve Bank of New Zealand July 2024 monetary policy decision

Reserve Bank of New Zealand coming up at top of hour - quick rundown on what to expect