Read this column for daily commentary of foreign exchange, interest rates and bourses. Thursday 11th March 2010 AUD/USD and NZD/USD outlook next 24 hours: Key event risks today are Australian employment, and the RBNZ’s MPS. AUD’s uptrend since Feb remains intact, but today’s pair of event risks will set AUD direction for the day given the market’s focus on the AUD/NZD cross at present. Minor resistance is at 0.9190, but should that break, there’s nothing until 0.9330; minor support is at 0.9120. NZD needs to sustain a break above 0.7080 to escape its sideways range since
Feb.

From Tony Alexander - Chief Economist, BNZ
Read this column if: you want a plain English analysis of the Economy, Financial Markets and Interest Rates.

11th of March 2010. Welcome to the BNZ Weekly Overview - No Change In Monetary Policy. The RBNZ did as expected this morning and left the official cash rate unchanged at 2.5%.

More bang for the buck - Terms of trade rise 5.7% in Q4 - 10 March 2010

• The 5.7% rise in the terms of trade was the first increase since March 2008.

New Zealand's financial markets are "back to normal" and government guarantees for banks, set up during the global financial crisis, will be phased out at the end of next month, says Finance Minister Bill English. Wednesday Mar 10, 2010 photo Mark Mitchell