FX News

Key Points This Week:

Key Points:

  • NZ inflation expectations rise from 5.2% to 5.4% the highest read in 9 months.
  • Ex US president Donald Trump has been indicted by a grand jury citing 4 people had knowledge of his porn star payment. He will be the first president, current or former to face criminal charges.
  • A climate report has issued a warning that over 40,000 NZ flood prone coastal and non-coastal homes are at risk of losing insurance over the next 2-3 decades. 
  • Cracks are starting to appear in the stability of European banks with the ECB “tapping” into the Fed’s credit swap lines to the tune of 487 million
  • German prelim CPI y/y 7.4% vs 7.3% expected.
  • The Australian Council of Trade Unions has called for a 7% rise in the minimum wage at the June meeting.
  • NZ March consumer confidence falls to 77.7 from 79.8 in February.
  • The Euro (EUR) has been the strongest currency in March with the US Dollar (USD) underperforming, the worst performer.
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