NZD

NZD/USD drops a few points after the New Zealand jobs market report

New Zealand jobs report for Q4 2022: Unemployment rate 3.4% (expected 3.3%)

NZD/USD dipping lower - a bit of political news out of New Zealand

NZ Dec. trade data: Exports NZD6.72bn (prior 6.68bn) & Imports NZD7.19bn (prior 8.54bn)

New Zealand January business confidence -52.0 (prior -70.2) Activity -15.8 (prior -25.6)

BNZ expect a convincing boost to New Zealand business confidence in coming months

New Zealand's new PM says labour shortage is a major concern for businesses

RBNZ's own CPI indicator 5.8% y/y (prior 5.6%) - this is its Sectoral Factor Model

New Zealand analysts says "The world war on inflation is being won." RBNZ peak rate lower.

ANZ New Zealand revise forecasts for RBNZ rate hikes ahead - lower terminal rate seen

New Zealand Q4 inflation 1.4% q/q (expected 1.3%) 7.2% y/y (expected 7.1%)

Aussie and kiwi both target an upside break against the dollar

• Key levels being breached in AUD/USD and NZD/USD respectively

New Zealand December services PMI: 52.1 (prior 53.7)

NZDUSD is able to stay above its 100 hour MA today, but stalls near 0.6500

• Up and down day for the pair

Week Ahead - Highlights include: US PCE & GDP, BoC, Flash PMIs, Aus & NZ CPI

• The highlight is US PCE data, which will inform expectations for the Fed's February meeting, where a 25bps rate hike is expected. It is worth keeping in mind that the data will be released during the Fed's pre-meeting blackout window leaving the potential for "sources" articles to hit.