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Australia and New Zealand's key highlights for the antipodeans - TDS

Analysts at TD Securities noted the key highlights for the Antipodean economies.

Key Quotes:

"Highlights for Australia

  • RBA-speak next week, with Q3 work done another key input into Q3 GDP. There are LNG lumps in the data, so we’ll just focus on housing.
  • OIS flat at 1.5% through to 50/50 hike priced by October 2018, not surprising with wages and CPI disappointing recently.
  • AUD took a step down to $US0.758 on soft wages. Lots of RBA speakers next week could add volatility. 

 Highlights for New Zealand

  • A number of releases next week, with Q3 retail sales and Oct trade balance the highlights.
  • OIS is pricing a 25bp hike by November 2018. Too late in our view but until we know who the governor and his/her mandate is ... don’t put dollars to work yet.
  • NZD eased all week, a free pass for exporters and upside for inflation. No upside likely next week with a trade deficit and flat retail sales volumes on the cards."

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Analysts at Westpac offered their outlook for the antipodean cross and rates. Key Quotes: "AUD/NZD 1 day: Continues to consolidate around the 1.1100
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